Neflix (NFLX) is Moving to Regrow Its Most-Profitable Service: DVDs

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Netflix (NFLX) Smashes Q4 Views on Strong Contribution Profits, Ebbing DVD Sub Losses

January 23, 2013 5:03 PM EST

Netflix (Nasdaq: NFLX) is exploding in late trading following strong fourth-quarter results issued after markets closed today.

Revenue for the media streaming giant rose 7.9 percent to $945 million, from $876 million the prior year. Adjusted net income was 13 cents per share, from 64 cents reported in the same period last year. Netflix earnings were 13 cents per share in the third-quarter as well.

Overall, the Street was more bearish on the company, seeing revs of just $934.1... More

Netflix Letter to Shareholders Q412

Linked.