March 5, 2008, 12:00 AM

Netflix revises 2008 guidance slightly upward

Netflix has issued a revised guidance stating that first-quarter revenue for 2008 will be in the range of $324 million to $328 million, up from $323 million to $328 million. Full-year sales now are projected to range from $1.34 billion to $1.38 billion.

Bill Briggs

Senior Editor

Netflix Inc. has issued a revised guidance stating that first-quarter revenue for 2008 will be in the range of $324 million to $328 million, up slightly from an earlier forecast of $323 million to $328 million. Full-year sales now are projected to range from $1.34 billion to $1.38 billion, up from $1.3 billion to $1.35 billion.

GAAP net income for the first quarter ending March 31 is expected to range from $10 million to $14 million, up from $9 million to $14 million. Subscribers for the quarter are expected to fall somewhere between 8.16 million and 8.26 million, up from 7.85 million to 8.05 million.

The fiscal 2008 GAAP net income projection of $75 million to $83 million is unchanged from the prior guidance, the company says. Full-year subscribers are expected to range from 8.9 million to 9.5 million, up from 8.4 million to 8.9 million.

Netflix, an online video rental service, is No. 18 in the Internet Retailer Top 500 Guide.

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