Netflix Profitable Again With Report Of Q2 Earnings

| July 24, 2012 | Reply

Netflix caught some slack over the past year for moving to on online format from a mail delivery dvd format. The move is finally starting to pay off as Netflix posted a $6 million gain for the quarter. Revenue was at $889 million with profits of $.11 per share. It was expected the company would make $.04 per share. Netflix also reported that the company added 1.09 million online subscribers while losing 850,000 dvd subscribers. That brings the total number of subscribers up to 24 million subscribers.

Via: Netflix

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