Netflix Won?t Announce Its 3 Billionth DVD Shipment: ?Focus Is Really On Streaming?

Netflix just announced its first quarter 2011 earnings and they're cause for optimism, with earnings at $1.11 a share on revenue of about $719 million, out-performing analysts expectations of $1.08 per share on $704 million in revenue. The company doubled its profits, at $60.2 million versus $32.3 million at the same time last year. The company is hedging its future on its streaming subscription services, and called its DVD business a "fading differentiator" in its investor letter.

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