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Netflix beat on revenue and EPS. But net income was inflated by a $2.8B one-off termination fee from the collapsed Warner Bros. deal. And Reed Hastings is leaving the board. Here's what actually happened.
Netflix keeps proving the doubters wrong. Revenue up 15%. Subscribers up 5.1 million. The password sharing crackdown is working. The ad tier is taking off. Since the May 2022 low, the stock is up over 340%.
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