Netflix 3Q profit rises 30 pct as economy darkens

October 20, 2008 By MICHAEL LIEDTKE , AP Business Writer
Netflix 3Q profit rises 30 pct as economy darkens (AP)

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In this May 16, 2008 file photo, Netflix CEO Reed Hastings smiles at Netflix headquarters in Los Gatos, Calif. Netflix will release its quarterly earnings report after the market close Monday, Oct. 20, 2008. (AP Photo/Paul Sakuma, file)

(AP) -- Netflix Inc.'s third-quarter profit surged 30 percent amid slowing subscriber growth that's turning into a bigger problem for the online DVD rental leader as the rapidly unraveling economy prods more consumers clamp down on entertainment expenses.


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