Netflix posts their highest first-quarter profit
Revenue Reports, Services Market April 19th, 2007
Netflix posts their highest first-quarter profit
Movie rental company Netflix has come out with their latest revenue reports and the company has posted their highest first-quarter profit in its 8-year history.
The company however failed to impress the investors as they believe that Netflix is struggling to attract new customers and retain their existing ones.
Netflix is also facing intense competition from their closest rivals in this market Blockbuster. The company management has also warned that they might continue to be upstaged by Blockbuster through the remainder of the year.
The company posted first-quarter profit of $9.9 million, or 14 cents per share. This is a much improved performance compared to figures of $4.4 million, or 7 cents per share, at the same time last year. Their revenues were up at $305.3 million.
Popularity: 18% [?]
Related Posts
Netflix facing technical issues with their web service
Netflix posts impressive revenue report
Netflix has now lowered their DVD rental fees
Netflix suffers from a major outage
Netflix fixes problem with the system and resume deliveries
About










Leave a Comment