Netflix is up to 4.2 Million subscribers!

As predicted, Netflix is reporting that subscribers increased 60 percent year-over-year to 4.2 million.

Other highlights from Netflix's Q4 2005 Financial results:

• Net subscriber additions were a record high for both the quarter and the year.
• Churn declined to a record low of 4.0 percent.
  
• Revenue was $195 million.
• GAAP net income was $38.1 million, which includes the benefit of realized deferred tax assets of $30.2 million.
  
• Income before income taxes was $9.1 million.
  
• Non-GAAP net income was $41.4 million. Non-GAAP net income before realized deferred tax assets was $11.3 million.

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