61% of Netflix Subscribers Choose to Stream Video

Netflix reported their quarterly earnings today, and the news was mostly--though not entirely--good. Revenue was $519.8 million, up 27% from the year-ago quarter, but fell a few million short of Wall Street expectations. As a result, the stock was down nearly 10% in after-hours trading. But the number of subscribers is up 42% from the  year-ago quarter, up 2 million from last quarter--and there are sure to be more as Netflix expands northward into Canada.

There are also some very encouraging...

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Published on July 22, 2010 00:31
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