Netflix DVD business shrinks a little slower in second quarter

Netflix doesn’t say much anymore about its legacy DVD-by-mail service in the U.S. It stopped giving subscriber numbers for the service at the end of last year. It closed out 2019 with 2.15 million paid subscribers.
In the company’s 10-Q filing with the U.S. Securities and Exchange Commission on July 20, the Netflix DVD business merited just a couple of references.
The Los Gatos, Calif.-based company said its DVD revenues in the second quarter were $61.6 million, down 19% year over year. In the first quarter, revenue in the business fell 20% to $64.3 million.
The DVD business is miniscule compared with the company’s global streaming video service. The streaming service generated $6.09 billion in the June quarter, up 26% year over year.
Fans of the DVD service, such as me, are hoping it can survive a long time.

Related reading:

Netflix Still Renting Discs Despite Accounting Indifference (Media Play News; July 17, 2020)

Netflix DVDs: ‘We’re in the endgame now’ (April 26, 2020)