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Netflix Income Surges in Quarter

Netflix Inc. posted net income of $9.9 million for the first quarter, more than doubling its net income of $4.4 million in the prior-year period.

Netflix Inc. posted net income of $9.9 million for the first quarter, more than doubling its net income of $4.4 million in the prior-year period.

The digital videodisc rental direct marketer reported revenue of $305.3 million for the quarter ended March 31, a 36% increase over $224.1 million last year.

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