The good news is that Netflix (NASDAQ: NFLX) added nearly 7.7 million paying customers during the fourth quarter of last year, handily topping expectations. The bad news is that net subscriber growth came at a price.

That's the big takeaway from Netflix's quarterly results. The top line is now quietly contracting as is the bottom line, and the company can't afford for the crimped results to become the norm.

If this sort of spending is the shape of things to come (and it very likely could be), current and would-be shareholders might want to rethink their expectations.

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Source Fool.com