Netflix posts positive Q4

Online movie rental outfit Netflix has reported results for the fourth quarter and year ended December 31, 2009. Netflix ended the fourth quarter of 2009 with approximately 12,268,000 total subscribers, representing 31 per cent year-over-year growth from 9,390,000 total subscribers at the end of the fourth quarter of 2008 and 10 per cent sequential growth from 11,109,000 subscribers at the end of the third quarter of 2009.

Of the 12,268,000 total subscribers at quarter end, 97 per cent, or 11,892,000, were paid subscribers. The other 3 per cent, or 376,000, were free subscribers. Paid subscribers represented 98 per cent of total subscribers at the end of the fourth quarter of 2008 and at the end of the third quarter of 2009.

Revenue for the fourth quarter of 2009 was $444.5 million, representing 24 percent year-over-year growth from $359.6 million for the fourth quarter of 2008, and a 5 per cent sequential increase from $423.1 million for the third quarter of 2009. Revenue for fiscal 2009 was $1.67 billion, up 22 per cent from $1.365 billion for fiscal 2008.

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