Despite the management shuffle and awkward spin-off disaster earlier last year, Netflix has posted a $50 million profit for Q4.
As for DVD, it looks like their plan to completely kill the service is slowly moving along.
While DVD members declined sharply over the last two quarters, the weekly rate of DVD cancellations has subsided from peak levels in September. Looking out across 2012, we expect continued attrition among our DVD members. Specifically, in Q1, we expect net losses of DVD members of approximately 1.5 million, with the sequential decline moderating in future quarters.
If the trend continues, half of the 11.17 million DVD subscribers will drop off the service of migrate to streaming by next year.