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Netflix is growing even faster, and streaming to record profit totals

“Netflix reported $290.1 million in net income for the first quarter, more profit in three months than the streaming giant had for the entire year of 2016” writes Therese Poletti for marketwatch.com. Don’t miss: The DVDs that kept the post office busiest in each of Netflix’s first 20 years Netflix profit is also growing at an astounding rate: The first quarter had its biggest profit total yet, topping the previous period’s record, and Netflix forecast another record-breaking profit total in the current quarter. With the international expansion continuing to fuel subscriber growth and fresh content keeping all those subscribers on the platform, Netflix looks like a star that will continue to shine.
 
Source: marketwatch.com



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