[Horizontal Analysis of Netflix's Income Statement]

In two sentences, discuss whether the company's performance was better or worse than the previous year.

The picture shows the Income Statement of Netflix.

NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year ended December 31, 2020 2019 24,996,056 $ 20,156,447 5 15,276,319 12,440,213 2,228,362 2,652,462 1,545,149 1,076,486 914,369 4,585,289 2,604,254 2018 15,794,341 9,967,538 2,369,469 1,221,814 630.294 1,605,226 Oper expenes 1.829.600 Revenues Cost of revenues Marketing Technology and development General and administrative Operating income Other income (expense): Interest expense Interest and other income (expense) Income before income taxes Provision for income taxes Net income Earnings per share: Basic Diluted Weighted average common shares outstanding: Basie Diluted (767,499) (618,441) 3,199,349 (437,954) 2,761,395 $ (626,023) 84,000 2,062,231 (195,315) 1,866,916 $ (420,493) 41,725 1,226,458 (15,216) 1.211.242 $ 6.26 $ 6.08 $ 4.26 $ 4.13 $ 2.78 2.68 440,922 454,208 437,799 451,765 435,374 451 244 See accompanying notes to consolidated financial statements. 42 70 calculate "other expenses" 4,585, 286 2604254 oper income -X solve for X Ner income 2,761,395 1,866,916