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Netflix profit gains as U.S. streaming subscribers grow
April 22, 2013 / 8:10 PM / 5 years ago

Netflix profit gains as U.S. streaming subscribers grow

April 22 (Reuters) - Netflix Inc’s profit rose in the first quarter as the dominant video rental service added new streaming subscribers in the United States, the company reported on Monday.

For January through March, Netflix recorded $3 million in net income and earnings per share of 5 cents. A year earlier, the company reported a $5 million loss as it increased spending to launch its service in international markets.

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