Los Gatos, Calif. – July 25, 2005 – Netflix (Nasdaq: NFLX) today reported results for the second quarter ended June 30, 2005.
For the second quarter:
• Revenue was $164.5 million
• Subscribers increased 53 percent year-over-year to 3.196 million
• Churn declined to near-record low of 4.7%
“Our business performed impressively across all key operating measures in the second quarter, reflecting
the broadening consumer appeal of our service and the rising competitive strength of our organization,”
said Reed Hastings, Netflix co-founder and chief executive officer. “Looking at the second half of 2005,
we’re confident of hitting four million subscribers by year’s end and expect to reach that milestone
profitably and as the clear-cut market leader.”
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