Sunday 1 May 2011

Netflix subscribers now equal Comcast's

The Netflix juggernaut showed no signs of slowing down during the first quarter of 2011.

On the contrary, for the quarter ended March 31 (PDF), Netflix reported worldwide net profits of $60 million, or $1.11 per share, on revenue of $719 million. The earnings for the Web's top video-rental service were nearly twice the $32 million the company saw for the same period a year ago.


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Netflix subscribers now equal Comcast's