Netflix Far Exceeds Forecast with Subscription Revenue of $2 Billion

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On Monday, Netflix (NASDAQ: NFLX) reported record subscription revenue of $2 billion, representing a 36 percent increase over the same period last year. This is the first time Netflix has exceeded the $2 billion revenue mark. In a letter to shareholders, Netflix attributed the increase to its strong content which includes the popular Netflix original series Stranger Things and the second season of Narcos. Netflix’s incredible results for Q3 have driven Netflix up nearly 20 percent.

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