It's safe to say the second half of 2011 wasn't great for Netflix. It was so bad, Wall Street analysts scaled back its estimates for how it would perform in Q4 of 2011. Today Netflix flipped those analysts the proverbial bird when it announced its Q4 earnings report that showed it besting those estimates.
The video rental service posted Q4 earnings of $876 million, beating analysts expectations of $857 million. So what it only beat it by $19 million? A win's a win. Especially when you consider Netflix lost 800,000 users after it raised its prices and introduced then retracted the Qwikster spin-off service. Netflix even managed to recoup 610,000 of its lost users in Q4.