Netflix reports first drop in subscriptions

Iria · Jul 24, 2007, 02:16 AM

Source: Reuters
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LOS ANGELES (Reuters) - Netflix Inc., the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster Inc.

Jul 24, 2007, 02:16 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Netflix reports first drop in subscriptions Source: Reuters _______ LOS ANGELES (Reuters) - Netflix Inc., the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster Inc.