NetFlix Raises Estimates

from the shocking dept

These days, it’s pretty rare to hear of any company, let alone a dot com company raise their estimates. However, that’s exactly what Netflix is doing, saying that customer churn is down, and subscribers are up, leading to higher than expected revenue projections. It’s a nice surprise for the company, but it might not mean anything if Wal-Mart and Blockbuster really ramp up their plans for competing services. Netflix has done well so far, but the marketing muscle behind Wal-Mart and Blockbuster are a lot to compete with.

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