Netflix (Nasdaq: NFLX) is on a roll. Earlier this week, it reported its fourth quarter results that shattered all market expectations. If there was ever a doubt about slowing subscriber growth, Netflix has put all of those to rest in these results.

Netflix’s Financials

Netflix’s Q4 revenues grew 40% over the year to $3.29 billion, ahead of the Street’s forecast of $2.48 billion for the quarter. The stellar performance was attributed to continued interest of the users in its content. During the year, Netflix saw average streaming hours per membership increase by 9% over the year. EPS of $0.41 was in line with the market’s projections for the quarter.

Netflix continued to surprise the market with phenomenal subscriber growth. During the quarter, it added 8.33 million total subscribers, compared with its target growth of 6.3 million subscribers. It added 1.98 million new domestic streaming subscribers and 6.36 million international subscribers in the quarter. Earlier, it had forecast an addition of 1.25 million in the US market and 5.05 million in the international market. The market was looking for a growth of 1.29 million domestic subscribers and 5.05 million international subscribers. The net growth in domestic subscribers comes despite the $1 increase in prices for grandfathered subscriptions. A few years ago, when Netflix had tried a similar move, it had witnessed a terrible backlash.

Netflix ended the year with revenues of $11.7 billion, compared with $8.8 billion reported a year ago. EPS of $1.23 has also grown significantly over $0.43 recorded last year. At the end of the year, Netflix had 117.58 million streaming subscribers worldwide, including 54.75 million in the US market.

For the current quarter, Netflix is predicting a growth of 6.35 million to the subscriber base with 1.45 million in the US and 4.9 million in other countries. It expects to record revenues of $3.69 billion with an EPS of $0.63. Analysts were forecasting revenues of $3.52 billion with an EPS of $0.57.