Netflix Q4 results:
- Netflix ended Q4 with $876 million in revenue, and $41 million in income after taxes.
- 610,000 new subscribers were added in Q4.
- 21.67 million streaming subscribers in the U.S. and 1.9 million internationally.
- DVD subscribers declined to 11.2 million, and Netflix ended the quarter with 24.4 million total subscribers.
- Netflix ended the quarter with $798 million in cash and equivalents.
- 22.8 to 23.6 million streaming subscribers, $496 to $511 millon in revenue.
- 2.5 to 3.1 million international streaming subscribers, $38 to $44 million in revenue (loss of $118 to $108 million).
- 9.4 to 10.0 million DVD subscribers, $308 to $322 million in revenue.
- Global loss $27 to $9 million.
Some interesting tidbits from the Q4 report:
- Netflix will get The Adventures of Tin TIn, Hugo, and Rango in 2012 as part of the Epix deal, and Thor, Transformers 3, Captain America, Super 8, Immortals and Footloose from other deals.
- The remaining Starz titles will be removed at the end of February, but they only account for about 2% of viewing.
- Netflix customers are streaming about 30 hours per month on average.
Update: From the Netflix investor Q&A session:
- Netflix is doubling spending on streaming content over last year.
- Netflix is not bidding on current seasons of any TV shows.
- Hastings described TV viewing on Netflix as "binge" viewing of older seasons of shows.
- Hastings believes that offering new releases on a pay per view basis would dilute the brand and be a negative.
- Piracy in markets impacts the pricing of content, as does competition.
- Netflix has some 3D Blu-ray titles, and is considering 3D streaming titles.
- Hastings says that they have no plans to offer video games now.
- The profit contribution of a streaming customer is about double that of a DVD customer, so Netflix would prefer to add streaming customers.
- About 8.4 million subscribers use both DVD and streaming, and that number is declining.
- Smart TVs are Netflix's fastest growing device category.