Netflix posted second quarter 2011 earnings that beat expectations, but on light revenue and middling subscriber numbers.
U.S. subscribers came in at 24.6 million, and global numbers were at 25.6 million, about in line with expectations.
Subscribers on hybrid plans -- DVD and streaming -- declined a little bit during the quarter, possibly because Netflix raised prices.
Monday, July 25, 2011
Netflx Misses On Revenue And Subscribers
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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