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Netflix regains 600,000 U.S. subscribers in 4Q

| Thursday, Jan. 26, 2012

Netflix regained 600,000 customers in the fourth quarter as the video subscription service began to recover from a revolt against a big price increase.

Figures released on Wednesday show Netflix Inc. ended December with 24.4 million subscribers in the United States. That was up from 23.8 million at the end of September. The subscriber uptick is a positive sign for Netflix after several months of upheaval that battered its stock. Netflix lost 800,000 subscribers last summer after raising its prices by as much as 60 percent.

The fallout contributed to a 14 percent decrease in Netflix's fourth-quarter earnings. Netflix made $40.7 million, or 73 cents per share, in the period. That compares with income of $47.1 million, or 87 cents per share, a year earlier. Revenue climbed 47 percent from the previous year to $876 million -- $19 million above analyst projections.

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