Netflix Stock Surges 33% YTD Amid Streaming Dominance
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BTCCSquare news:
Netflix has defied skepticism about streaming competition, delivering a 33% year-to-date stock gain and outperforming the broader market by 45% over five years. The turnaround stems from disciplined cost management and content strategy, with operating margins expanding to 34.1% in Q2.
After a 2022 slump where net income fell 12%, the company now projects sustained growth through premium content offerings and password-sharing crackdowns. Earnings per share jumped 47% year-over-year last quarter, fueled by both revenue growth and share repurchases.
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