Mixed news on Netflix earnings

While Netflix saw its net income take a hit in the fourth quarter, the news wasn’t all-bad. Netflix2

The company beat estimates and more importantly saw its streaming business grow, despite a series of events in 2011 that were one PR disaster after the next.

The company reports it added 220,000 new domestic streaming customers during the period, bringing the total to 21.67 million. Internationally, it netted 380,000 new customers, bringing that total to 1.86 million.

The outlook for the first quarter of 2012 is rosy as well, with the company projecting a 1.7 million customer increase in its streaming operations.

DVD subscriptions continue to suffer, though, with 2.76 million people canceling their service with the company. At present, 11.17 million people are still subscribing to the DVD by mail program.

More Digital

  • homepod-white-shelf

    Apple Takes Fourth Spot in Global Smart Speaker Shipments, Google Surging

    While Netflix saw its net income take a hit in the fourth quarter, the news wasn’t all-bad. The company beat estimates and more importantly saw its streaming business grow, despite a series of events in 2011 that were one PR disaster after the next. The company reports it added 220,000 new domestic streaming customers during […]

  • Emmanuel Macron Viva Tech

    Viva Tech in Paris Pushes Ambitious Agenda on Future Innovations

    While Netflix saw its net income take a hit in the fourth quarter, the news wasn’t all-bad. The company beat estimates and more importantly saw its streaming business grow, despite a series of events in 2011 that were one PR disaster after the next. The company reports it added 220,000 new domestic streaming customers during […]

  • 53 Percent of Online HBO Subscriptions

    New Amazon Channels Data Shows Why Apple Wants to Copy It

    While Netflix saw its net income take a hit in the fourth quarter, the news wasn’t all-bad. The company beat estimates and more importantly saw its streaming business grow, despite a series of events in 2011 that were one PR disaster after the next. The company reports it added 220,000 new domestic streaming customers during […]

  • Marshmello to Headline YouTube's VidCon 2018

    Marshmello to Headline YouTube's VidCon 2018 Event

    While Netflix saw its net income take a hit in the fourth quarter, the news wasn’t all-bad. The company beat estimates and more importantly saw its streaming business grow, despite a series of events in 2011 that were one PR disaster after the next. The company reports it added 220,000 new domestic streaming customers during […]

More From Our Brands

Access exclusive content