Netflix+2012

=Netflix in October, 2012= toc In October of 2012, Netflix (NFLX) had 27.5 million streaming customers globally and 9.2 million DVD subscriptions. It lost 850,000 DVD subscribers last quarter and gained 1.09 million worldwide users in movie and TV-show streaming in the last quarter. Competing products include Amazon.com's (AMZN) Prime service and Hulu, which is owned in part by NBC Universal (GE), Comcast (CMCSA), News Corp. (NWS), and a private equity group. Sometimes Coinstar's (CSTR) Red Box service is mentioned in the same category, but it really only rents DVDs from kiosks, so the only similarity is its likeness in DVD rentals. However, customers only get the content for a limited period of time in order to view it.

Netflix was experiencing volatility in its share price, though its beta was below 1.0. Amazon had just announced a deal that indicates Netflix will no longer be a sole-source of a lot of television and movie content, something Netflix's management might have tried to prevent...

Read:
 * 1) Netflix's New Strategy: Time to Buy? Seekingalpha.com []
 * 2) Netflix's 2011 annual report: [] in particular, read:
 * 1a. business
 * 1b. risk factors
 * 7. management's discussion and analysis of financial condition and results of operations

You may also want to look at Netflix's financial statements courtesy of @http://finance.yahoo.com NASDAQ listing **NFLX**

**Using the financial statements on Yahoo! Finance, calculate:**

 * **Operating expenses per unique customer**
 * **Net income per unique customer**
 * Are you surprised by the answers? Why or why not?**

=**DISCUSS!**= include component="comments" page="page:Netflix 2012" limit="50"
 * See also:**
 * NFLX S-1 amendment filing with the SEC on sec.gov**