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« Netflix New Releases for January 25th, 2011 | Main | Interesting Tidbits in Netflix's Letter to Shareholders »

Netflix Breaks 20 Million Subscribers & $596 Million in Q4

Netflix just announced Q4 2010 results, and they broke 20 million subscribers and reported $596 million in revenue. Netflix added more than 3 million subscribers in Q4, and had an operating income of $78 milliion with a net income of $47 million.

Netflix growth is still accelerating, as shown by this chart:

Netsubadschart

Netflix management will a Q&A webcast at 6pm EST today to discuss the results, and anyone can listen in at http://ir.netflix.com. 

January 26, 2011 |

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Comments

Arvid

One caveat is that free subscribers surged from 1MM to 1.7MM and a majority of the increase probably comes from streaming-heavy users. Also it can be expected the retention rate for such a group of users will be lower, because the streaming service is, as Reed Hastings described, "a more casual relationship".

Posted by: Arvid | January 26, 2011 at 07:42 PM

InstaFlicka

Impressive.

Posted by: InstaFlicka | January 27, 2011 at 04:14 AM

Gir

Is this the beginning of a typical S-shaped curve? We can hope.

Posted by: Gir | January 27, 2011 at 05:48 PM

The comments to this entry are closed.

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