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NETFLIX BEATS Q1 REVENUE BUT Q2 OUTLOOK DISAPPOINTS

Netflix reported Q1 revenue of $12.3 billion, exceeding analyst expectations by $100 million, but shares fell 8% in after-hours trading after the company issued weaker-than-expected guidance for the second quarter.

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Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and forecasts Q2 EPS below estimates; NFLX drops 8%+ after hours (Lucas Shaw/Bloomberg)

Lucas Shaw / Bloomberg: Netflix reports Q1 revenue up 16% YoY to $12.3B, vs. $12.2B est., net income of $5.28B, and fore…

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