Print 27 comment(s) - last by ajfink.. on Oct 26 at 4:38 AM

Netflix continues to see success, despite a sluggish economy

Rental business Netflix saw its Q3 profit increase 48% due to a larger number of subscribers joining the service.

The company's revenue increased 24%, with the company adding 510,000 new subscribers to the service.  The company's revenue was $423.1 million, with consumers signing up for the low-cost rental service -- staying home and watching a movie continues to be more appealing than a night at the movies, which costs significantly more than Netflix rental service.

Netflix's streaming feature will be available through another in-home device that is used by many people, but the company didn't disclose exact details.  Streaming Netflix service is already available through the Microsoft Xbox 360, Roku Netflix player, select Blu-ray players, and other devices.

The service now offers subscribers access to 17,000 movies and TV episodes through online streaming, but may have rising costs that need to be dealt with to keep the cost of the service affordable.

During the second half of 2010, Netflix is expected to roll out its online streaming service to international users, though it's unknown which countries will be supported.  During Q3, 42% of Netflix subscribers viewed streaming content, which is up from 22% 12 months ago -- and that percentage is expected to increase as more consumers become interested in streaming content.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

RE: HD For PC - When?
By bupkus on 10/23/2009 10:01:41 AM , Rating: 3
Agreed. I spoke to a higher up tech support person who wanted to know about my experience with Windows 7 and "Watch Instantly" and he said that the feed to a PC was downgraded compared to the Roku Netflix player or any of the other HW options.
That was annoying to hear since my ATI 4850 has a lot more power than any of the other options. I'm considering dropping Netflix due to the substandard quality of the streaming feed and lack of Blue Ray.

RE: HD For PC - When?
By Jedi2155 on 10/23/2009 12:39:33 PM , Rating: 2
Blu-ray is available for an extra charge. They also always have the films I want to watch on blu-ray usually shipped same day as I arrive so I haven't hit that issue either.

RE: HD For PC - When?
By zinfamous on 10/23/2009 1:39:59 PM , Rating: 2
lack of Blu Ray? I've been getting BD from Netflix for two years now.

also, streaming HD matters not to me as it really isn't HD. I'll stick to media.

"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer

Most Popular ArticlesAre you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Leaked – Samsung S8 is a Dream and a Dream 2
September 25, 2016, 8:00 AM
Yahoo Hacked - Change Your Passwords and Security Info ASAP!
September 23, 2016, 5:45 AM
A is for Apples
September 23, 2016, 5:32 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki