This excerpt taken from the NFLX 8-K filed Jan 24, 2006.
Income Before Income Taxes - $9.1 million
LOS GATOS, Calif., January 24, 2006 Netflix (Nasdaq: NFLX) today reported results for the fourth quarter and year ended December 31, 2005.
For the fourth quarter:
2005 was another year of solid achievement and continued momentum, said Reed Hastings, Netflix co-founder and chief executive officer. We generated rapid subscriber growth, made the best customer experience even better, ended the year with the lowest churn in our history, and delivered both rapid growth and strong earnings.
We enter 2006 confident we can reach our goal of 20 million subscribers within the 2010 to 2012 time frame while delivering $50 million to $60 million in pretax income this year and 50 percent year-over-year earnings growth for the next three to four years after that.