Netflix has more than a million people to thank for its latest surge in sales and earnings.
After winning 1.1 million net new subscribers in a single quarter, the company announced Wednesday that fourth-quarter profits jumped 36 percent to $30.9 million from $22.7 million in 2008's final quarter. Sales climbed 24 percent to $445 million from $359 million in the year-ago quarter.
The new subscribers added since the third quarter marked a record for the online rental company, which offers DVDs through the mail and streaming content for 12.3 million customers. Netflix also lost fewer … Read more