Netflix subscriber growth bounced back in Q4 2011, increasing by 610,000 subscribers, bringing the grand total to 24.4M. This is a surprise increase coming out of a tough quarter when Netflix lost more than 800,000 customers after the Quickster controversy and subsequent rollback. Customer satisfaction with Netflix’s service fell to an all-time low last month with a poor showing against major brands. On the competitive front, Netflix says it isn’t worried out competition: ”Both Amazon and Hulu Plus’s content is a fraction of our content, and we believe their respective total viewing hours are each less than 10% of ours,” said a Netflix spokesman. It seems like Netflix isn’t worries about competitors like TV Anywhere, Dish Network, Hulu Plus, or Xfinity. Essentially, more customers are logging into Netflix daily and they’re regained a ton of lost subscribers.
So how is Netflix (NFLX) stock trading? Going into the earnings call it was trading slightly up and then shot up a massive 14%, adding a good amount to their market cap. For all the day traders out there, Netflix was a savvy buy and you likely made a good amount of cash today. Below are some key stats for Netflix’s stock price:
52 Week High: $304
Volume: 11M shares
Price/Earnings Ratio: 21.6
Earnings Per Share: 4.40