Netflix Posts Record-Qtr Earnings Amid Shift in Growth Strategy
Netflix reported its first quarterly earnings without disclosing subscriber numbers, instead focusing on revenue and operating income. The company generated $10.5 billion in revenue, with a 31.7% margin, significantly higher than the same period last year. Reed Hastings, Netflix’s founder and executive chairman, will step down as co-CEO to become chairman and non-executive director of … Read more