Netflix Having Great Q1, Hits 10 Million Subscribers - Silicon Alley Insider
Thu, Feb 12th, 2009
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Netflix's growth streak continues: The online DVD rental service says it passed the 10 million subscriber mark last night.
That means it's added 600,000 net subscribers in less than half the quarter -- a torrential pace. (It grew by 718,000 in Q4.)
And while the company probably got a relatively big boost in January from Christmas gift subscriptions, it's on pace to easily beat its guidance of finishing Q1 with 10.1 to 10.4 million subscribers. (Netflix chose not to raise that guidance today, but that's not a terrible move -- it can always do that later, and now is a good time to be conservative.)
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