Co-CEOs Ted Sarandos and Greg Peters Just Delivered Fantastic News for Netflix Investors

Video streaming giant Netflix (NASDAQ: NFLX) recently reported a blowout fourth quarter thanks to strong subscriber growth, proving the company can continue to lead a saturated streaming market. The stock surged roughly 10% immediately following the news, and Netflix now has a nearly $415 billion market cap.Obviously, shareholders love to see a company beat earnings, and analysts were impressed by the performance with one calling it a "near flawless" quarter. However, beyond the headline numbers, co-CEOs Ted Sarandos and Greg Peters also shared fantastic news regarding its new subscribers and the stickiness of its platform.Not only did Netflix beat analysts' estimates on earnings and revenue, it also grew its global paid memberships to over 301 million, up 18.9 million from the prior quarter and nearly double what analysts had expected.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool