Shares of Netflix climbed as much as 2.3% in after-hours trading on Tuesday after the company reported fourth-quarter results. The company beat on the top and bottom lines for the quarter, but gave disappointing guidance for the first quarter. Here are the key numbers: Earnings per share : $1.30 per share, however that's not comparable to Refinitiv estimates

: $1.30 per share, however that's not comparable to Refinitiv estimates Revenue : $5.47 billion vs. $5.45 billion expected, per Refinitiv

: $5.47 billion vs. $5.45 billion expected, per Refinitiv Domestic (U.S. and Canada) paid subscriber additions : 550,000 vs. 589,000 expected, per FactSet estimates

: 550,000 vs. 589,000 expected, per FactSet estimates International paid subscriber additions: 8.33 million vs. 7.17 million expected, per FactSet For the first quarter of 2020, Netflix expects to report earnings of $1.66 per share on revenue of $5.73 billion. That's compared to analyst expectations for earnings of $1.20 per share and $5.76 billion in revenue. The company also expects to add 7 million paid customers in the first quarter, which fell short of analysts expectations for 7.86 million subscribers. The company reported negative free cash flow of $1.7 billion for the quarter and expects to see negative free cash flow of about $2.5 billion for 2020. Netflix reiterated that its cash burn peaked in 2019 and said it's now moving slowly toward being free cash flow positive in the future. "We're on the glide path, slowly, towards positive free cash flow," Netflix CEO Reed Hastings said on the company's earnings call. "We're excited about that but that's not coming from shrinking back our content spending. That's coming from the increase in revenue and operating income."

In the company's letter to shareholders, Netflix cited recent price changes as a reason for low membership growth in the U.S. and Canada, along with recent launches of rival streaming platforms. The company said it has seen a "more muted impact" from competitive launches outside the US. However, streaming services from competitors like Disney have yet to launch globally. "As always, we are working hard to improve our service to combat these factors and push net adds higher over time," the company said.