NFLX » Topics » GAAP Net Income - $9.9 million

This excerpt taken from the NFLX 8-K filed Apr 18, 2007.

GAAP Net Income – $9.9 million

LOS GATOS, Calif., April 18, 2007 – Netflix, Inc. (Nasdaq: NFLX) today reported results for the first quarter ended March 31, 2007.

“Our first-quarter results were in line with our guidance, but at the low end of the range, reflecting the impact of increased competition.” said Reed Hastings, Netflix co-founder and chief executive officer. “Our business continues to grow and to generate profits, and we are pushing into online video to lead the next generation of movie viewing.”

This excerpt taken from the NFLX 8-K filed Apr 24, 2006.

GAAP Net Income – $ 4.4 million

LOS GATOS, Calif., April 24, 2006 – Netflix, Inc. (Nasdaq: NFLX) today reported results for the first quarter ended March 31, 2006.

“Our record first-quarter performance provides additional evidence of the strength of our business model and our market, and reinforces our confidence that we can achieve our aggressive goals for subscriber and earnings growth. It has also led us to increase our near-term guidance for subscriber and revenue growth,” said Reed Hastings, Netflix co-founder and chief executive officer.

“The simple fact is that our intense focus on providing the best customer experience, coupled with the operating and marketing efficiencies generated by our large subscriber base, is a powerful formula for long-term success.”

EXCERPTS ON THIS PAGE:

8-K
Apr 18, 2007
8-K
Apr 24, 2006

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