Netflix Posts $5 Million Quarterly Loss

Netflix fell to a loss in its first quarter even while adding 3 million streaming members to its ranks, bringing its total to 26 million worldwide who stream content from Netflix.

Revenue grew to $870 million from $719 million in the year-ago quarter and the company reported Monday a net loss of $5 million, reversing net income of $60 million a year ago.

Netflix's core U.S. business, where some subscribers stream, some get DVDs and the majority do both, ended the quarte with 23.4 million subscribers, having added 1.7 million during the quarter.

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