Netflix Shares Fall After Company Reports Mixed Earnings Results

Netflix Inc. (NFLX - Get Report) shares fell in post-market trading Thursday after the video streaming giant posted earnings that beat estimates but slightly missed on revenue. 

The stock was falling 3% to $342.50 a share. 

TheStreet's tech columnist Eric Jhonsa is live blogging Netflix's earnings report and video interview with investors. Please join us here

Netflix posted earnings per share of 30 cents, beating Wall Street's GAAP expectations of 24 cents. Revenue came in at $4.18 billion, missing estimates of $4.2 billion. Net international subscriber additions, a key metric for Netflix, were 7.31 million, beating estimates of 6.1 million. U.S. subscriber additions were 1.53 million, beating estimates of 1.4 million.

This week, Netflix announced price hikes of between 13% and 18% for all U.S. customers. In the wake of price hike, the company said it expects to add 1.6 million U.S. streaming paid net adds in Q1, slightly below a 1.86 million consensus. On the flip side, though, it forecasts 7.3 million international paid net adds, which is above a 6.37 million consensus.

Netflix is guiding for revenue in the first quarter of 2019 of $4.5 billion and diluted EPS of 56 cents. Negative free cash flow swelled to $1.3 billion in the quarter, compared to negative $524 million in the same period in 2017. 

Netflix shares are up more than 30% so far this year.