NETFLIX is Smokin'!

Discussion in 'DVD Video' started by Scot Gardner, Oct 7, 2003.

  1. Scot Gardner

    Scot Gardner Guest

    Apparently, I'm not the only one who has abandoned Blockbuster. Notice
    the fairly new coined word, _rentailer_ , in the story below:

    *** *** ***

    Netflix subscribers jump by 74% in third quarter.
    Stock price leaps almost 20% on better-than-expected rise.

    OCT. 2 | Online DVD rentailer Netflix Inc. announced Thursday that it
    had reached 1.29 million subscribers by the close of the third quarter,
    a 74% increase from the previous year.

    That beat previous estimates, and Netflix shares rose almost 19% to a
    new high of $40.97 on Thursday.

    The company said 96% of its subscribers were paid, while the rest were
    new trial subscribers. The 1.29 million subscribers represents a gain of
    13% from the second quarter.

    Meanwhile, household penetration in its hometown San Francisco Bay area
    rose to 5.4% in the third quarter, up from 3.5% in 2002 and 5% during
    the second quarter. Penetration in the rest of the country was 1.2%, up
    from 1% in the second quarter.

    Netflix will announce its third-quarter earnings on Oct. 15.

    http://www.videobusiness.com/article.asp?articleID=6273&catType=NEWS
     
    Scot Gardner, Oct 7, 2003
    #1
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