TIME: The media distributing giant enjoyed a 26 percent gain in the end of 2014.
TIME: The media distributing giant enjoyed a 26 percent gain in the end of 2014.
What you need to know: Netflix pulled in $1.48 billion in fourth-quarter revenue, up from $1.18 billion during the same quarter last year, according to a letter to the company’s shareholders. The online video streaming service collected $5.5 billion in revenue for the full year, representing a 26% increase from 2013’s $4.4 billion in sales.
Netflix also saw its fourth-quarter profits soar 72% — to $83.4 million, or $1.38 per share — up from $48.4 million in the fourth quarter of 2013. For the full year, the company collected profits of $266.8 million, or $4.44 per share, which more than doubled the previous year’s tally.
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