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July 24th, 2012 
FAKE NEWS for the Zionist agenda 
Netflix brought in $889 million in revenue in the second quarter of 2012, precisely in line with analysts’ expectations, the company disclosed in its earnings release Tuesday afternoon.
But the news wasn’t all good, particularly in the U.S., where Netflix lost more subscribers than it gained. The company lost about 850,000 DVD subscribers during the quarter, which now amounts to 9.24 million. Its U.S. online subscriber base rose only marginally, from 23.41 million in the first quarter to 23.94 million at the end of the second. That’s about a third the number of new subscribers Netflix added between Q4 2011 and Q1 2012.
Netflix’s international markets to continue to grow in terms of subscribers, albeit moderately: Netflix now has more than 1 million members in Latin America, where it launched 10 months ago. The UK and Ireland, which launched six month ago, also passed the 1 million-member mark.
Netflix says it expects to be profitable next quarter, and back in the red in the fourth quarter as it launches in a new international market.
Earlier on Tuesday, Verizon and Redbox furnished a few more details about the streaming video and DVD service it’s planning to launch later this year to compete with Netflix. In a release statement, Netflix indicated it would a “big challenge” for Verizon and Redbox to break into the top three subscription streaming services. The company also said it has “yet to see HuluPlus or Amazon Prime Instant Video gain meaningful traction relative to our viewing hours.”
Netflix stock was trading down 13% to around $70 per share after hours.
Image courtesy of iStockphoto, tomispin.
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