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NFLX » Topics » Income Before Income Taxes - $23.8 million, up 439 percent year-over-year

This excerpt taken from the NFLX 8-K filed Jan 24, 2007.

Income Before Income Taxes – $23.8 million, up 439 percent year-over-year

LOS GATOS, Calif., January 24, 2007 – Netflix, Inc. (Nasdaq: NFLX) today reported results for the fourth quarter and year ended December 31, 2006.

“2006 was a solid year for Netflix, demonstrating again the strength of our business model,” said Reed Hastings, Netflix co-founder and chief executive officer. “Our accomplishments during the year – strong subscriber growth, continued improvement in the customer experience, and increased profitability – together with the recent launch of the first generation of our online video option, leave us better positioned than ever to achieve our long-term objective of being the movie rental leader.”

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