Netflix Has Stellar 4th Quarter Results

January 26 20093 Commented

Categorized Under: Video

netflix
Netflix, Inc. (NASDAQ:NFLX) has released the numbers for their 4th quarter and WOW, are they stellar!  Netflix’s 4th quarter profit climbed 45%.  Netflix’s growth was driven by low prices and streaming video services.

Netflix’s customer base grew by 718,000 in the last three months of 2008.  This is more than double the growth that management expected. Netflix has about 9.4 million customers now.  Netflix launched about 10 years ago and charges about $5 to $17 per month to rent DVDs.

“We are very fortunate to have a great value proposition,” stated Netflix CEO Reed Hastings.  Netflix’s revenue for the fourth quarter is $359.6 million, up from $302.4 million in the same quarter last year.  Netflix’s revenue for 2008 was $1.365 billion.  The company expects to make between $1.58 billion and $1.635 billion in revenues for 2009.

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • Twitter
  • RSS
DeliciousDiggShare

3 responses to “Netflix Has Stellar 4th Quarter Results”

  1. […] Netflix Has Stellar 4th Quarter Results Amit Chowdhry | Tuesday January 27, 2009 | 1 views […]

  2. […] Netflix Has Stellar 4th Quarter Results GADGETS N’ GEAR Netflix, Inc. has released the numbers for their 4th quarter and WOW, are they stellar! Netflix’s 4th quarter profit climbed 45%. Netflix’s growth was driven by low prices and streaming video services. Netflix’s customer base grew by 718,000 in the last three months of 2008. This is more than double the growth that management expected. Netflix has about 9.4 million customers now. Netflix launched about 10 years ago and charges about $5 to $17 per month to rent DVDs. Source> […]

  3. neil jain says:

    This is amazing , revenue model that has excelled and essentially left blockbuster in the dust! Do you think in the future they would consider acquiring Gamefly?

Leave a Reply

Your email address will not be published. Required fields are marked *