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Netflix Earnings Beat Expectations

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Business Insider reports Netflix's third-quarter earnings crushed Wall Street's expectations. The earnings are up thanks to a surge in subscribers. The streaming-media giant had a warning for investors: The costs of developing original content will take a bite out of its profit at the end of the year. Netflix added 6.96 million new subscribers in Q3. That's well above the 5.3 million new subscribers it reeled in at this time last year.

Added on the 17/10/2018 06:26:32 - Copyright : Wochit

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