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In an unprecedented move, Netflix has reported staggering profits and an influx of new subscribers in its first-quarter earnings report, setting new benchmarks in the streaming industry. The streaming behemoth raked in a colossal $9.4 billion in revenue and witnessed a surge of over 2.5 million subscribers, surpassing market estimates by a substantial margin.
This remarkable achievement comes amidst a backdrop of intensifying competition in the streaming landscape. Despite concerns about market saturation and increased competition from rivals like Disney+ and Amazon Prime Video, Netflix continues to. . .
