Netflix Profit Climbs In Q4, but falls short of expectations

The Netflix app icon can be seen on the screen of a smartphone. Fabian Sommer/dpa
The Netflix app icon can be seen on the screen of a smartphone. Fabian Sommer/dpa

Online entertainment conglomerate Netflix says fourth quarter earnings increased from the same period last year but fell short of Wall Street expectations.

The company's earnings came in at $937.84 million, or $2.11 per share. This compares with $55.28 million, or $0.12 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $2.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.5% to $8.83 billion from $7.85 billion last year.