Please wait while we load the requested 10-K report or click the link below:
FOR IMMEDIATE RELEASE
|IR CONTACT:||Deborah Crawford|
Wednesday, January 27, 2010
|VP, Investor Relations|
|PR CONTACT:||Steve Swasey|
|VP, Corporate Communications|
Netflix Announces Q4 2009 Financial Results
Subscribers 12.3 million
Revenue $444.5 million
GAAP Net Income $30.9 million
GAAP EPS $0.56 per diluted share
LOS GATOS, Calif., January 27, 2010 Netflix, Inc. (Nasdaq: NFLX) today reported results for the fourth quarter and year ended December 31, 2009.
Adding more than one million net new subscribers in the fourth quarter and nearly three million over the full year highlights the growing appeal of the Netflix service as we further expand access to and adoption of streaming movies and TV episodes over the Internet, said Reed Hastings, Netflix co-founder and chief executive officer. In 2010, we expect to extend our operating momentum as we grow the business both rapidly and profitably.
Earnings Call Format
Netflix is changing the format of the companys fourth quarter earnings conference call. The call will consist solely of Q&A. In conjunction with the press release, the company has posted a written version of managements commentary to its Web site at http://ir.netflix.com. The conference call will be webcast today at 6:00 p.m. Eastern Time / 3:00 p.m. Pacific Time. If the format change is well received, future earnings calls will follow the same format. Please see conference call details below.
Fourth-Quarter and Fiscal-Year 2009 Financial Highlights
Subscribers. Netflix ended the fourth quarter of 2009 with approximately 12,268,000 total subscribers, representing 31 percent year-over-year growth from 9,390,000 total subscribers at the end of the fourth quarter of 2008 and 10 percent sequential growth from 11,109,000 subscribers at the end of the third quarter of 2009.
Net subscriber change in the quarter was an increase of 1,159,000 compared to an increase of 718,000 for the same period of 2008 and an increase of 510,000 for the third quarter of 2009.
Gross subscriber additions for the quarter totaled 2,803,000, representing 34 percent year-over-year growth from 2,085,000 gross subscriber additions in the fourth quarter of 2008 and 29 percent quarter-over-quarter growth from 2,180,000 gross subscriber additions in the third quarter of 2009.
The following information was filed by Netflix Inc (NFLX) on Wednesday, January 27, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
View differences made from one year to another to evaluate Netflix Inc's financial trajectory
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were
removed , and by Netflix Inc.