Netflix Beats Q1 2012 Expectations, Reports Losses Of $.08 Per Share On $870 Million In Revenue

Netflix just released their Q1 2012 earnings report [PDF], and managed to beat analyst estimates by reporting losses of $0.08 per share on $870 million in revenue. In the weeks leading up to the release, analysts projected a net loss of $0.27 per share on $866 million in revenue thanks to the company's pronounced push for international growth. That works out to a $5 million net loss for the quarter, though the brass are preparing themselves for better days to come. According to their release, CEO Reed Hastings and CFO David Wells expect to return to global profitability next quarter, and are gearing up for their launch in a still-unknown new European market in Q4.

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