87 Quotes by Reed Hastings

Our outlook for the future reflects the continuing rapid subscriber growth and the increasing impact of the cost advantages and other financial benefits that flow from our market leadership.

Our record first-quarter performance provides additional evidence of the strength of our business model and our market, and reinforces our confidence that we can achieve our aggressive goals for subscriber and earnings growth. It has also led us to increase our near-term guidance for subscriber and revenue growth.

I think the stock will trade down significantly because of lower profits for the next year, but the long term value (will rise) -- in two years -- because of our actions today, being decisive and taking the steps to ensure our continued leadership in this larger market with larger competitors.

Most companies that are great at something - like AOL dialup or Borders bookstores - do not become great at new things people want (streaming for us) because they are afraid to hurt their initial business.

will be ready to launch when the content climate begins to thaw.

Well, we're about 24 million subscribers today, and that's up from about 15 million a year ago, so it's a very high rate of growth, and that's what's exciting about the business - more and more people are getting smart TVs, they're watching Netflix on their iPads.

We have a very wide range of content, but the brand-newest movies, what's happening with those is a $30 pay-per-view option - not from Netflix but from DirecTV and others - of movies that are in the theater.

We believe that Amazon is going to enter this market in the near future. It could happen before the holidays.

We are seeing the beginning of things. Web 2.0 is broadband. Web 3.0 is 10 gigabits a second.