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Netflix Q4 Results: 220k New Streaming-Only Customers, Beats Earnings Estimates

Engadget says

Netflix's Q4 2011 earnings report is in, and the company indicates its streaming subscriber count is now 21.67 million. DVD subscribers were still down however, although not as much as expected with cancellations peaking in September when the services split, leaving it with a total number of 24.4 million customers. This closes out a tough 2011 that saw its subscriber count drop by 800k in Q3, and most recently resulted in the search for a new Chief Marketing Officer. The company exceeded its own targets for growth in streaming customers and domestically, the segment reported a higher-than-expected profit of $52 million.When it comes to its competition however, Netflix cosigned a rumor indicated today by the New York Post that Amazon may spin off its Prime Instant video service into a cheaper-than-Netflix standalone offering.

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LettingGo4467d ago

Awesome. I love Netflix and I'd love for it to keep growing.

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3.0

Bros Review (2024): Let's Not Laugh at Adults Acting Like Children, Shall We? | Leisurebyte

Bros Review: The series, as the title suggests, is about two adult men who want to behave like children and we are not here for that.

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5.0

Going Home With Tyler Cameron Review: The Bachelorette Star Knocks Down Some Walls | Leisurebyte

Going Home With Tyler Cameron Review: This is a simple, no-nonsense but cliched watch, with Cameron's boyish charms taking centre stage.

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6.0

Kaam Chalu Hai Review | Leisurebyte

Kaam Chalu Hai Review: Based on true events, this movie is thought-provoking and inspiring

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