Netflix reports Q3 2012 financial results: slow subscriber growth

Netflix today reported its financial results for the third quarter of 2012, announcing aб═$905 million global revenue with $8 million of net income. The company also revealed that it added two million streaming customers in the quarter, bringing the total to 29 million (25.1 million of which are in the United States). On the other hand, Netflix also announced that its DVD subscriber base in the U.S. fell from 9.24 million toб═8.61 million.

In Q3, our global streaming membership grew by nearly 2 million, and our 29 million streaming members enjoyed over 3 billion hours of TV shows and movies from Netflix.

We have compelling exclusive content, an outstanding member experience, and a brand that stands for high quality streaming entertainment. These strengths, combined with the industry-wide forces of improving Internet devices and bandwidth, are fueling our rapid growth around the world.