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Netflix Posts Q4 Profit, Stock Split

21 Jan, 2004 By: Holly J. Wagner

Netflix Inc. today announced a fourth-quarter profit, stock split and the departure of CFO Barry McCarthy at the end of 2004.

Ahead of its analysts call, the Los Gatos, Calif.-based online movie rental service said fourth-quarter revenue rose 80 percent, to $81.2 million.

Netflix reported fourth-quarter net income of $2.3 million, or 7 cents a share, compared to a net loss of $2.3 million, or 10 cents a share, a year earlier.

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