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Netflix tops estimates for quarter, initiatives continued positive factors

Netflix posted its strongest begin to a yr because the Los Gatos firm went public 16 years in the past, due to sturdy development in markets throughout Latin America and Europe.

The corporate added 7.41 million subscribers within the first quarter of the yr, simply topping analysts’ projections of 6.35 million. Netflix now has 125 million paying clients, essentially the most of any on-line TV community. It expects to prime 131 million subscribers by summer time.

The corporate, the best-performing inventory within the S&P 500 this yr, is proving one quarter at a time that buyers’ confidence in its on-line TV service has been justified.

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