Netflix Announces 25 Percent Year-over-year Growth in Subscribers

July 25, 2008

Netflix, Inc. today reported results for the second quarter ended June 30, 2008. “We are pleased to announce another quarter of strong financial results,” said Reed Hastings, Netflix co-founder and chief executive officer. “This quarter we delivered 25 percent year-over-year growth in subscribers, our lowest SAC ever as a public company, and a 14 percent increase in EPS for the quarter.

And we made important progress on our strategy of offering our subscribers the option of streaming video directly to their TVs with the introduction of The Netflix Player by Roku(TM) in May and the announcement earlier this month of our agreement with Microsoft to embed Netflix streaming capability in the Xbox 360 video game and entertainment system.”

Source: Netflix Inc.

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