Netflix reported anemic revenue growth and subscriber additions in the first quarter, even as free cash flow jumped, a sign that lower spending on programming is boosting the streaming giant’s profits. Netflix stock fell 8.5% in after-hours trading. Revenue rose 3.7% to $8.1 billion in the quarter, a higher rate of growth than the fourth quarter but well down on the nearly 10% growth Netflix...
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Netflix Is Now a Real TV Firm: Slow-Growing but Printing Money
Netflix is looking more and more like an old-fashioned television company. In other words, it’s growing slowly but producing lots of cash. The video-streaming giant reported what can only be described as anemic growth in the first quarter. Revenue rose 3.7%, which is the kind of growth rate we associate with traditional TV firms like Fox Corp. or Paramount Global. Its subscriber count expanded...
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