Revenues, subscribers, and share price all up at online video leader
(NEWSER) - After Netflix's miserable third quarter of 2011—which saw its share price plunge 75% , some 800,000 customers quit , and the Qwikster debacle —the video rental giant reversed much of those losses and posted stronger-than-expected results for the last quarter, reports Reuters . Netflix's revenue jumped 47% to $876 million, about $18 million more than expected, and it added 610,000 customers, helping its share price rebound 13% on the news. More»