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Netflix earnings fall though streaming grows

Netflix earnings fall though streaming grows Created by MG3 on Apr 24, 2012

There’s an odd set of numbers being posted today by Netflix as they report their earnings for the first quarter of 2012, including losses in DVD, gains in streaming, and a global revenue drop from this past quarter. There’s always two (or more) ways to look at an earnings call, and this is certainly one for the books: $826 million in total domestic revenue for domestic sales only, this down from $847 million the quarter before and up from $706 million last year this same quarter. All that with significant gains in both domestic and international streaming subscribers – a surprising number, actually. »read more

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Reply Level 1 1 DexterL on Apr 25, 2012

The business has been losing subscribers at a rate of knots.

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