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Netflix earnings for Q4 2009 expected to be stellar

Posted by admin | Posted in Uncategorized | Posted on 25-01-2010

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On Wednesday Netflix will announce its quarterly earnings for Q4 of 2009, and by all accounts the news should be good for investors. Business Week is reporting that  Netflix should pass the 12 million subscriber mark for the first time, and should also indicate more use of its streaming movie service as more and more Americans obtain broadband access, and Netflix continues to add titles to its streaming library.

The biggest gain in terms of distribution in the 4th quarter of 2009 was it’s widely publicized addition of the Playstation  3 as distribution platform for its streaming services. As Netflix continues to expand its reach into the living room, movie studios are looking for ways to recoup the earnings they once enjoyed before Netflix provided same-day DVD releases to its customer’s mailboxes.

In total, Netflix is expected to announce earnings of 45 cents per share on revenue of $446 million.

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