Thursday, January 26, 2012

Netflix Surges After Subscriber Rebound: Los Angeles Mover - Businessweek

Not dead yet

Netflix Inc., the online and mail- order video-rental service, surged after reporting fourth- quarter profit that exceeded analysts’ estimates and forecasting improving margins in its streaming business.

Netflix signed 610,000 U.S. customers in the period to reach 24.4 million, according to a statement yesterday. Shares of the Los Gatos, California-based company rose 16 percent to $110.12 in extended trading.

Tangentially, from “Piracy is part of the digital ecosystem” (Monday Note), a snapshot of U.S. bandwidth consumption

Netflix Surges After Subscriber Rebound: Los Angeles Mover - Businessweek

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