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Netflix Adds 3 Million Streaming Customers – Loses a Million Disc Subscribers
Wed Apr 25, 2012 at 10:00 AM ETTags: Netflix, Discs-By-Mail, Streaming, Industry Trends (all tags)
Despite the loss in those subscribing to disc-by-mail, that side of the company brought in $146 million.
The Netflix quarterly report reveals that the streaming business is still going strong. In fact, Netflix added on 3 million new streaming subscribers in the first quarter of 2012, bringing the total up to 21.67 million.
Disc based subscriptions, on the other hand, were down by a full million subscribers. That puts the total down to 10.09 million. The DVD-by-mail service still managed to bring in a cool $146 million for the company, which announced a total loss of $5 million in the quarter.
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