Netflix sales jump thanks to streaming

Subscriber base increases to 11.1 million

Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix.

The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs.

The addition helped the company report a 48% boost in profits during its third quarter, earning $30 million from $423 million in revenue, which was up 24%.

The numbers weren’t unexpected.

Rental revenue for the home entertainment biz grew nearly 9.9% in the three month period that ended Sept. 30, according to the Digital Entertainment Group, up from the 8.3% in the first half of the year.

Netflix has also been on a mission to increase subscriptions by promoting its online rental service that lets users digitally view movies through their TVs using their TiVos, Microsoft’s Xbox Live and Blu-ray players.

Given its recent performance, Netflix now anticipates having up to 12.3 million subs by the end of the year.

More Film

  • Over 30 TV Projects, 40 Speakers

    Göteborg TV Drama Vision Unveils Program

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

  • 'Our Time Will Come' Wins Hong

    'Our Time Will Come' Wins Hong Kong Critics Prize

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

  • Star Wars

    Japan Box Office: ‘Star Wars’ Wins Fifth Weekend

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

  • Florian Munteanu to Play Ivan Drago's

    Florian Munteanu to Play Ivan Drago's Son in 'Creed 2'

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

  • The cast and crew of "black-ish"

    NAACP Image Awards: The Complete Winners List

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

  • Virus

    Eliza Dushku's Alleged Assailant Subject of Two More Allegations of Sexual Misconduct

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

  • 'Keep the Change' Bought by Kino

    Tribeca Winner 'Keep the Change' Bought by Kino Lorber (EXCLUSIVE)

    Consumers are flocking to megaplexes, but they’re also staying home in droves to watch movies, especially those provided by Netflix. The DVD-by-mail rental service added 510,000 subscribers during the last three months, a whopping 95% gain over the same quarter a year ago. It now has 11.1 million subs. The addition helped the company report […]

More From Our Brands

Access exclusive content