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Netflix Q4 results: 220k new streaming-only customers, beats earnings estimates (Update: no game rentals coming)
1/25/2012

Netflix's Q4 2011 earnings report is in, and the company indicates its streaming subscriber count is now 21.67 million. DVD subscribers were still down however, when not as much as 1995 by houghton mifflin harcourt publishing company. published by houghton mifflin harcourt issue company. all rights reserved.view results from: words




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share this: with cancellations peaking in September when the relief split, leaving it with a total number of 24.4 million customers. This closes out a tough 2011 that saw its subscriber count drop by 800k in Q3, and most lately resulted in the search for a new Chief economics Officer. The company exceeded its own targets for growth in streaming restrict and domestically, the segment reported a higher-than-expected profit of $52 million.When it comes to its striving however, Netflix cosigned a rumor indicated today by the New York Post that Amazon may spin off its Prime Instant video service into a cheaper-than-Netflix standalone offering. For now however, it believes Amazon and Hulu offer only a fragmentary of its content, and net subscriber viewing hours that are less than 10 percent of the 2 billion --around 30 per member -- it reported during Q4.

Regarding the new 56-day delay for DVDs and Blu-ray discs from Warner Bros., it "didn't like" the new terms, but decided it was more productive to keep a direct similarity for discs than to try buying discs from retail again, and expects more "differentiated dates" from studios going forward. With its Starz deal coming to an end soon, Netflix plans to plug the content hole by licensing some of the movies from Encore exactly from the studios, and the kid-friendly Disney fare with flicks like The Adventures of Tin Tin and Rango from preponderant (via Epix) until its new Dreamworks deal takes effect in 2013. Interestingly, it also order that "content is a differentiator", and that it's "increasingly" licensing content exclusively to fight its true competition, TV Everywhere welfare work like HBO Go. We'll be back with any interesting remarks from the earnings call (scheduled for 6PM ET), until then check out the press release itself linked below.

Update: The earnings call (just finished) was predictably boring, but CEO Reed Hastings inveterate


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document.write("") the company has "no plans" to offer videogames for rental, which had been announced as part of the later-retracted Qwikster spinoff. As far as alms current season episodes of TV shows for cord-cutters, it won't be bidding on those either. When it comes to 3D, Blu-ray 3D discs are already in the mix, while the company is "looking into" streaming 3D.

Netflix Q4 results: 220k new streaming-only customers, beats earnings estimates (Update: no game rentals coming) previously



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document.write( appeared on Engadget on Wed, 25 Jan 2012 16:06:00 EDT. Please see our terms for use of feeds.

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