Monday, July 25, 2011

Netflx Misses On Revenue And Subscribers

Netflix posted second quarter 2011 earnings that beat expectations, but on light revenue and middling subscriber numbers.

U.S. subscribers came in at 24.6 million, and global numbers were at 25.6 million, about in line with expectations.
Subscribers on hybrid plans -- DVD and streaming -- declined a little bit during the quarter, possibly because Netflix raised prices.

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