HDTV News Poster
01-27-2009, 06:35 AM
<div align="center"><a href="http://uk.reuters.com/article/marketsNewsUS/idUKN2654283620090126"><img hspace="4" vspace="4" border="1" alt="" src="http://www.blogcdn.com/www.engadgethd.com/media/2009/01/1-26-09-netflix-sorter.jpg" /></a><br /></div>
Analysts were already <a href="http://www.engadgethd.com/2009/01/23/analyst-sees-netflix-adding-surcharge-for-watch-instantly-if-it/">anticipating</a> a killer Q4 for <a href="http://www.engadgethd.com/tag/Netflix/">Netflix</a>, and unlike practically every other company on the face of the planet, it delivered. The movie rental firm somehow managed to see net income rise to $22.7 million in the quarter, up from $15.7 million in Q4 2007. Revenue was also up by 19 percent, and subscriber growth was pegged at an amazing 26 percent. All told, the firm ended the quarter with 9.4 million subscribers, decimating its own forecast of ending Q4 with 9.15 million customers. Of course, some (Netflix included) are quick to assert that the recession has actually <a href="http://www.engadgethd.com/2008/10/29/research-sez-economic-troubles-will-increase-at-home-entertainme/">boosted business</a>, with many consumers <a href="http://www.engadgethd.com/2008/12/02/new-survey-finds-families-turning-to-tv-for-cheap-entertainment/">opting to stay home and rent</a> versus taking the family out for a pricey night at the cinema. Netflix is now projecting to end 2009 with anywhere between 10.6 million to 11.3 million customers, and given <a href="http://www.engadget.com/2009/01/19/do-not-time-netflix-hd-streaming-shootout/">all the hardware deals</a> it keeps landing, we don't see a reason why it won't get there. Way to buck the <a href="http://www.engadgethd.com/tag/economy/">trend</a>, Netflix -- we needed some <a href="http://www.engadget.com/2009/01/26/recession-roundup-monday-morning-edition/">bright news today</a>.<br /><br />[Via <a href="http://www.google.com/hostednews/ap/article/ALeqM5gd-MabkghRS0CnXb4uF6DASrWnGgD95V35P00">AP</a>]<p>Filed under: <a href="http://www.engadget.com/category/hdtv/" rel="tag">HDTV</a>, <a href="http://www.engadget.com/category/homeentertainment/" rel="tag">Home Entertainment</a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/">Netflix profit up 45% in Q4, nears 10 million total subscribers</a> originally appeared on <a href="http://www.engadget.com">Engadget</a> on Mon, 26 Jan 2009 17:52:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://uk.reuters.com/article/marketsNewsUS/idUKN2654283620090126>Read</a>*|*<a href="http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/" rel="bookmark" title="Permanent link to this entry">Permalink</a>*|*<a href="http://www.engadget.com/forward/1441453/" title="Send this entry to a friend via email">Email this</a>*|*<a href="http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/#comments" title="View reader comments on this entry">Comments</a>
Link To Original Article (http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/)
Analysts were already <a href="http://www.engadgethd.com/2009/01/23/analyst-sees-netflix-adding-surcharge-for-watch-instantly-if-it/">anticipating</a> a killer Q4 for <a href="http://www.engadgethd.com/tag/Netflix/">Netflix</a>, and unlike practically every other company on the face of the planet, it delivered. The movie rental firm somehow managed to see net income rise to $22.7 million in the quarter, up from $15.7 million in Q4 2007. Revenue was also up by 19 percent, and subscriber growth was pegged at an amazing 26 percent. All told, the firm ended the quarter with 9.4 million subscribers, decimating its own forecast of ending Q4 with 9.15 million customers. Of course, some (Netflix included) are quick to assert that the recession has actually <a href="http://www.engadgethd.com/2008/10/29/research-sez-economic-troubles-will-increase-at-home-entertainme/">boosted business</a>, with many consumers <a href="http://www.engadgethd.com/2008/12/02/new-survey-finds-families-turning-to-tv-for-cheap-entertainment/">opting to stay home and rent</a> versus taking the family out for a pricey night at the cinema. Netflix is now projecting to end 2009 with anywhere between 10.6 million to 11.3 million customers, and given <a href="http://www.engadget.com/2009/01/19/do-not-time-netflix-hd-streaming-shootout/">all the hardware deals</a> it keeps landing, we don't see a reason why it won't get there. Way to buck the <a href="http://www.engadgethd.com/tag/economy/">trend</a>, Netflix -- we needed some <a href="http://www.engadget.com/2009/01/26/recession-roundup-monday-morning-edition/">bright news today</a>.<br /><br />[Via <a href="http://www.google.com/hostednews/ap/article/ALeqM5gd-MabkghRS0CnXb4uF6DASrWnGgD95V35P00">AP</a>]<p>Filed under: <a href="http://www.engadget.com/category/hdtv/" rel="tag">HDTV</a>, <a href="http://www.engadget.com/category/homeentertainment/" rel="tag">Home Entertainment</a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/">Netflix profit up 45% in Q4, nears 10 million total subscribers</a> originally appeared on <a href="http://www.engadget.com">Engadget</a> on Mon, 26 Jan 2009 17:52:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://uk.reuters.com/article/marketsNewsUS/idUKN2654283620090126>Read</a>*|*<a href="http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/" rel="bookmark" title="Permanent link to this entry">Permalink</a>*|*<a href="http://www.engadget.com/forward/1441453/" title="Send this entry to a friend via email">Email this</a>*|*<a href="http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/#comments" title="View reader comments on this entry">Comments</a>
Link To Original Article (http://www.engadget.com/2009/01/26/netflix-profit-up-45-in-q4-nears-10-million-total-subscribers/)