Netflix surges past forecasts to 125 million subscribers

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Netflix Inc. added 7.4 million subscribers in the first quarter, blowing past company expectations and hitting 125 million members worldwide. The milestone was announced in the Los Gatos-based company's first quarter earnings, which reported $3.7 billion in revenues — all but $100 million of which came from streaming subscriptions. “[Streaming] revenue grew 43 percent year over year in Q1, the fastest pace in the history of our streaming business,” the company said in a letter to shareholders. Net...

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