Netflix reports first profit on 74% increase in Q2 revenue
Kurt Peters
With a 37% increase in subscribers to more than 1.1 million in Q2 vs. a year ago, online DVD rental store Netflix Inc. racked up its first quarterly net profit, $3.3 million, compared to a net loss of $13.1 million a year ago. Total Q2 revenue grew 74% year-to-year to $63.2 million from $36.4 […]