Netflix Profits Soar

View Comments (
)
|
Email
|
Print

    NEWSLETTERS

    TK
    Getty
    Netflix is the largest online DVD rental service, offering flat rate rental-by-mail to customers in the United States. Established in 1997 and headquartered in Los Gatos, California, it has amassed a collection of 90,000 titles and over 6.7 million subscribers.

    Netflix Inc. says its first-quarter profit soared as 920,000 new subscribers signed up for its DVD-by-mail rental service.

    The customer growth announced Thursday was the best in any quarter in Netflix's 10-year history. More people have flocking to Netflix since last fall as they looked for more affordable forms of entertainment during the recession.

    Netflix ended March with 10.3 million subscribers.

    TiVo and Netflix: A Marriage Made In Movie Heaven?

    [BAY] TiVo and Netflix: A Marriage Made In Movie Heaven?
    Two Silicon Valley entertainment giants are joining forces to bring subcribers every movie they ever wanted - immediately.

    The Los Gatos-based company earned $22.4 million, or 37 cents per share, in the first quarter. That was up 68 percent from $13.3 million, or 21 cents per share, at the same time last year.

    Revenue rose 21 percent to $394 million.

    Netflix Talks About Going to PS3

    [BAY] Netflix Talks About Going to PS3
    Netflix talks about whether it will join PS3 or not with Press Here.