Netflix rebounds from customer exodus

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Friday, January 27, 2012

Netflix has regained almost as many customers as it lost in 2011 after an unpopular price increase.

Fourth-quarter figures released Wednesday show Netflix Inc. ended December with 24.4 million subscribers in the U.S., up from 23.8 million at the end of September. That gain of about 600,000 customers compares with the loss of 800,000 subscribers last summer after it raised its U.S. prices as much as 60 percent.
The fallout from the earlier customer defections contributed to a 14 percent decrease in Netflix's fourth-quarter earnings.

Read more at The Statesman Journal.

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