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I'm very happy to announce the latest release of Netflix "Just for Kids," now on the PlayStation 3. Whether you are a kid in age or a kid at heart, you will love our new section on the PS3, designed specifically for kids with content appropriate for those 12 and under. Parents and caregivers, you can unleash your kids in this section of Netflix and not worry about titles that could be inappropriate. Our "Just for Kids" section was such a hit on the Web site, Nintendo Wii and Apple TV, that we have now added it to PS3. Since we first launched "Just for Kids" as a dedicated section on Netflix.com in August of 2011, Netflix members have watched more than one billion hours of kids titles.
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Netflix is expecting to add 7 million streaming customers in the U.S. in 2011. Internationally Netflix expects Canada to be modestly profitable in Q2 and beyond, but warn that profitability in Latin America, Ireland and the U.K. might take longer than they originally thought (8 quarters). Netflix posted a $5 million loss on $870 million in revenue.