Netflix Now Has 23.6 Million Customers, Surpassing Comcast

Posted Apr 25, 2011

Netflix, Inc. (NASDAQ:NFLX) has announced that they have hit 23.6 million subscribers. They had a major first-quarter growth spurt that pushed them ahead of Showtime and Comcast in terms of the subscriber number. About 3.59 million new subscribers joined for the quarter ending in March.

Netflix is slightly behind HBO, which has about 28.6 million subscribers. Netflix’s first quarter net income was $60.2 million with revenues of $718.5 million. Netflix’s net income is almost double from the year before at $32.3 million with revenues at $493.6 million during the same time last year.

[SFGate and Digital Trends]