Fighting credential sharing and getting cheaper ad-supported subscriptions has given Netflix a surprisingly strong quarterly profit. In the past few months, 5.9 million customers have been added. That’s a good three times as much as expected. Net income of $3.29 per share was a half dollar above the average analyst forecast.
“While we’ve made steady progress, we still have more work to do to accelerate our growth,” the company said. Sales of $8.187 billion were slightly below market expectations.
2023-07-19 23:10:57
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