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Netflix books a healthy profit thanks to higher prices

“Netflix reported a healthy profit for the first three months of 2017, but missed its own projections for revenue and subscriber growth” writes Apr Edt for theverge.com. Thanks to higher prices and a maturing business overseas, Netflix reported a net income of $178 million, more than six times the profit it had during the same period last year.It booked $2.64 billion in revenue and added just under 5 million new subscribers.The company also reiterated its strategic commitment to avoiding live sports. “Additionally, investors ask us about Amazon’s move into NFL football.
 
Source: theverge.com



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