Netflix (NFLX) reported better-than-e🌠xpected revenue in the fourth quarter on the back of renewed subscriber growth momentum, but 💞a one-time charge saw earnings narrowly miss estimates.

The company's net income for the quarter came in at $938 million or $2.11 per diluted share. Those figures were slightly lower than the $983.9 million or $2.25 per diluted share 澳洲幸运5官方开奖结果体彩网:expected by analysts polled by Visible Alpha. A $239 million charge related to foreign exchange measurement of denominated debt made EPS miss the company's own $2.15 per share projection.

Revenue grew 12% compared to the year-ago quarter to $8.83 billion🅰.

Key Metric

After relatively flat subscriber growth at the end of 2021 and through most of 2022, Netflix has gained momentum in recent quarters due to it﷽s tiered pricing structure and a crackdown on password sharing. The lowest pricing tier at $6.99 is ad-supported, another way for the company to monetize.

In the f𝓡ourth quarter, Netflix had 260.28 million paying customers glไobally, up 12.8% compared to the year-ago quarter.

Netflix shares were up 8.4% at $53﷽3.66 in after-hours trading at around 5:00 p.m. ET♑.