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Netflix delivers a big beat in first earnings report without subscriber numbers

1. Netflix reported Q1 revenue of $10.54 billion, beating estimates. 2. EPS was $6.61, surpassing predicted $5.68 by a considerable margin. 3. No more subscriber counts reported, shifting analyst focus to other metrics. 4. Targeting $1 trillion market cap by 2030 amid strong stock performance. 5. Potential recession might increase content consumption on Netflix.

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FAQ

Why Bullish?

Earnings beat expectations significantly, historically correlating with positive stock movement.

How important is it?

Strong earnings and growth plans directly impact Netflix, influencing investor sentiment.

Why Short Term?

Immediate impact seen in after-hours trading, but market confidence may stabilize.

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