Netflix earnings top estimates as subscribers grow

January 20, 2016

LOS GATOS, Calif. — Netflix on Tuesday reported a fourth-quarter profit that fell 48 percent from the year ago period, but its earnings still exceeded Wall Street’s expectations as the Internet video-streaming giant claimed almost 75 million subscribers worldwide. Netflix said that for the period ended Dec. 31, it earned $43 million, or 10 cents a…

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