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Netflix posts a profit, surprises everyone

Posted: , by Maxwell R.

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Netflix posts a profit, surprises everyone
The company and investors were forecasting a loss due to increased royalty fees and international expansion.

Instead, the company more than topped expectations and posted a profit. It was a small profit, but money in the bank nonetheless, $8 million, with fourth quarter revenue reaching $945 million, well above forecasts of $934 million.

That is not a bad showing for a company that has made a rough ride for itself over the past couple years. We all remember the grand idea in 2011 to split the company into two entities, one for the streaming content and another for the legacy DVD rental. We also remember how that idea was met with the warmth of waiting in line at the DMV. Thankfully, Netflix reevaluated its plan.

Netflix posts a profit, surprises everyone
2012 was no treat either, Netflix suffered two significant outages just in time for the holidays, and Amazon has been strengthening its position in the marketplace with its competing service. Wall Street intrigue has been lively as well, with notable investor Carl Icahn buying up 10% of the company in October.

Despite all that, Netflix reported adding 2 million US streaming subscribers and 1.8 million international subscribers in the fourth quarter, bringing a total of a little over 27 million streaming subscribers for the company. CEO Reed Hastings noted strong subscriber growth stemming from consumers buying new electronic devices, including tablets. Streaming subscriber adds did fall a little short of goals for 2012 however, with a total net add of 5.48 million new subscribers, versus a goal of 7 million.

Looking ahead, the company is going to slow its international expansion a bit and it expects its profitable DVD rental service to continue losing customers as it has been for the past several quarters. In the meantime, coming next month, Netflix will have an original series available exclusively to streaming customers, called “House of Cards,” starring Kevin Spacey.

source: The Wall Street Journal

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posted on 23 Jan 2013, 23:47 1

1. Jurdiales (Posts: 112; Member since: 10 Oct 2012)


I want to buy a Multimedia Center-like with android, with usb or microsd support, a good processor, hdmi, and access to the Play Store to download apps like Netflix and MXPlayer, my question is: does this type of boxes exist? Or just buy a used Droid 3 or Droid 4 and connect it to the plasma tv? Not trolling, just asking for opinions, thanks.

posted on 24 Jan 2013, 16:39

6. juanyunis (Posts: 72; Member since: 31 Aug 2012)


Yes, such a product exists. Check thishttp://www.vizio.com/costar/overview

posted on 23 Jan 2013, 23:59 3

2. BattleBrat (Posts: 1061; Member since: 26 Oct 2011)


go to Archos.com and check out the "TV connect", I think it is exactly what you are looking for
http://www.archos.com/products/home/archos_tv_connect/index.html?country=us&lang=en

posted on 24 Jan 2013, 00:24

3. Jurdiales (Posts: 112; Member since: 10 Oct 2012)


Thank you, I appreciate that... i used my Atrix HD to connect it to the Plasma TV for watching movies and stuff.. and downloading directly to the phone... but i was looking for an Android Box dedicated to that.

Again, thanks for your help :)

posted on 24 Jan 2013, 00:56

4. digitalw (Posts: 49; Member since: 20 Dec 2011)


why it has to be android? you got better option - much more usefull: My rig is AMD e350 board (sapphire) with bluetooth, usb3, gigabit lan and etc,4Gb ddr3, wireless keyboard with touch pad... it will cost you the same or less but you got 2x the power! based Windows 7 Home, combined with XBMC. You got more than yyou can imagine! and you can do "android" stuff with AMD Android platform - BlueStacks :)

posted on 24 Jan 2013, 02:45

5. Jurdiales (Posts: 112; Member since: 10 Oct 2012)


Because I already have 4 or 5 computers in my house, it would be much easier if I buy a low-profile video card with hdmi port to use it, but, I have apps in the Play Store that I already paid and want to take advantage of it on a plasma screen, yeah I understand what you say, but why not trying something new or different? and simple :)

And if I put a PC on my room, my brothers and my sister maybe they're gonna install crapware on Windows, I really don't want to see a One Direction toolbar while surfing the internet lol

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