Updated below: Reporting mostly positive results, Netflix (Nasdaq: NFLX), said its 4Q revenue was $277.2 million, up 44 percent, while GAAP net income was down 61 percent to $14.9 million. Consumers were still flocking to the movie rental company, which ended the quarter with 6.3 million subscribers, an increase of 51 percent year-over-year. And income before taxes was $23.8 million, up 493 percent compared to the same period last year.
Earnings Release | Webcast
Updated: From the conference call transcript: CEO Reed Hastings on the new online movie service it launched last week: “We feel very good about getting up to — we started at around 1,000 titles. That
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
["wijax_ca4ae072161e323bdde98a8436939491","wijax_92166267c3e5f14ca5bfdba4b390d2a5"]
{"source":"https:\/\/gigaom.com\/2007\/01\/25\/earnings-netflix-4q-revenue-rises-44-percent\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_4c85a36583e6792263764725b81926b1","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2007\/01\/25\/earnings-netflix-4q-revenue-rises-44-percent\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_4c85a36583e6792263764725b81926b1","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post