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  - WN.COM - Entertainment - 17/Jul 23:21

Netflix profits surge off ads, higher subscription prices

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. SAN FRANCISCO — Netflix reported stronger than expected second-quarter results Thursday, with profit jumping 45% year-over-year as the streaming giant benefited from subscription price increases and a growing advertising business. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. Article content Revenue climbed 16% to $11.1 billion in the quarter ended June 30, beating analyst estimates and the company’s own guidance, while net profit surged to $3.1 billion....

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