The company announced Tuesday that it is saying goodbye to its original business — mailing out DVDs in its signature red envelopes — after 25 years.
And over the last couple of years, Netflix has morphed its business into one that is no longer just a subscription video-on-demand service, but one that offers live programming, mobile games and a version with ads. Netflix’s net income was $1.3 billion, down from nearly $1.6 billion a year earlier. Netflix profits beat Wall Street expectations.
“Engagement on our ads tier is above our initial expectations and, as expected, we’ve seen very little switching from our standard and premium plans,” Netflix said in a letter to shareholders.
They still allowed dvds by mail?
netflix just sucking all the way around!