Monday, April 23, 2012

Netflix Q1 results: 3 million new streaming subscribers worldwide, record viewing hours

Netflix Q1 results: 3 million new streaming subscribers worldwide, record viewing hours

Netflix has posted its earnings report for Q1 of 2012, and reveals its streaming subscriber count in the US is currently 23.4 million, after reaching 21.67 million back in January. While the company noted a net loss of about $5 million, the letter from CEO Reed Hastings and CFO David Wells claimed it is still on a "rapid return" to profitability after last year's missteps and international expansions. Worldwide it now counts a total of 26 million subscribers to the streaming service, although it lost another million or so subscribers to discs, which currently number 10.09 million.

Engadget, Netflix Q1 results: 3 million new streaming subscribers worldwide, record viewing hours

No comments:

Post a Comment