Netflix Q4 2012 earnings tout 6 million new users and $8 million in profit

Craig Lloyd - Jan 23, 2013, 3:43pm CST
Netflix Q4 2012 earnings tout 6 million new users and $8 million in profit

Q4 2012 earnings are rolling in, folks, and Netflix is the latest to report on their quarterly progress. The movie and TV-streaming company announced today that they gained 6 million new users during Q4, bringing the total number of users over 33 million, with 27 million users in the US alone. They also announced a Q4 revenue of $945 million, with $8 million of that being all profits.

Netflix had previously expected around 26 to 27 million US streaming subscribers, so the company’s goal was easily met, and as or international users overall, this time last year saw a rise of 1.9 million users during Q4 2011, so the service is certainly gaining steam, and from what Netflix has planned for this year, we think that steam will keep up for a while.

2012 was a big year for Netflix, and 2013 looks to be even bigger. The company plans to roll out two TV shows exclusive to Netflix: House of Cards, starring Kevin Spacey, and an Arrested Development reboot, starring most of the original cast, including Jason Bateman, Michael Cera, and Will Arnett.

The company has also been continuously working on getting studios signed on to stream their movies and TV shows on Netflix. Just recently, they signed on Turner, Warner Bros., and even Disney. And along with the extra content that Netflix will provide starting this year, you can guarantee that their catalog will only continue to grow.

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