The New York Times-20080124-Netflix Gains in Members and Sales

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Netflix Gains in Members and Sales

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Netflix, the online DVD rental service, said Wednesday that its fourth-quarter earnings rose 6 percent as it gained subscribers and its operating expenses fell.

For the quarter that ended Dec. 31, Netflix earned $15.8 million, or 24 cents a share, compared with $14.9 million, or 21 cents a share, in the year-ago quarter. The company said revenue rose 9 percent, to $302.4 million, compared with $277.2 million in the fourth quarter last year.

Netflix said subscribers grew 18 percent year over year, to 7.5 million. Operating expenses declined $7 million, or 7.8 percent, to $82.2 million.