Street profits articles
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Netflix's password-sharing crackdown is paying off as profits beat Wall Street's forecast
Netflix's victory lap as the leader in streaming continued Thursday, as the company said it increased its subscriber base by 9.3 million to nearly 270 million in the first quarter. Revenue was up 15% to $9.37 billion in the first quarter, the Los Gatos, Calif., streamer reported. Net income was $2.3 billion, compared with $1.3 billion in the same period in 2023. The company beat Wall Street's estimates on revenue, subscriber additions and net income. Analysts on average had projected that...
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Cigna raises 2024 profit forecast as Q1 earnings beat Wall Street estimates
Health insurer Cigna Group raised its annual profit forecast on Thursday, as lower-than-expected medical costs and strength in its pharmacy benefit management unit helped it beat first-quarter earnings estimates.
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Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
Netflix will no longer report its quarterly subscriber additions, a sign that the benefits of its password sharing crackdown may be ending.