Earnings: Netflix’s Earnings Drop; Subs Increase

Online DVD rental company Netflix’s Q3 earnings fell due to marketing costs from its war with rival Blockbuster and other charges, but subscriptions rose faster than forecast.

Net income fell to $6.9 million from $18.9 million in the year-ago quarter. Its subscriber base grew by 61 percent, year over year, to 3.592 million in Q3.

More details in the release