From AP:

Netflix’s video subscription service reeled in another 3.1 million customers during the fourth quarter to help deliver a performance that was better than analysts anticipated.

The results announced Wednesday are the latest evidence of Netflix’s increasingly important role in home and mobile entertainment.

The fourth-quarter growth left Netflix with 20 million subscribers at the end of 2010, a 63 percent increase from 2009. Management expects to add as many as 2.8 million subscribers in the first quarter.

Netflix Inc. earned 47 million, or 87 cents per share, in the October-December period. That was a 52 percent increase from $31 million, or 56 cents per share, last year.

Analysts surveyed by FactSet expected earnings of 71 cents per share.

Revenue period rose 34 percent from the prior year to $596 million.

Author

Jon Brooks

Jon Brooks is the host and editor of KQED’s health and technology blog, Future of You. He is the former editor of KQED’s daily news blog, News Fix. A veteran blogger, he previously worked for Yahoo! in various news writing and editing roles. He was also the editor of EconomyBeat.org, which documented user-generated content about the financial crisis and recession. Jon is also a playwright whose work has been produced in San Francisco, New York, Italy, and around the U.S. He has written about film for his own blog and studied film at Boston University. He has an MFA in Creative Writing from Brooklyn College.

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