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Netflix Q2 Profits Surge 44% to $2.15 Billion As Streamer Adds 8 Million Subscribers

Netflix beat Wall Street expectations for its second quarter of 2024, posting a 17% year over year increase in revenue and 44% increase in profits after posting stronger than expected subscriber growth during the three-month period. The growth was attributed to a mix of strong performance across a variety of its titles and a continued benefit from paid sharing. “We’re clearly seeing healthy organic growth in the business, but we’re also continuing to get better and better at translating improvem...

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