Q3 revenue nearly hit $10 billion, with a 15% YoY growth rate and a significant leap in operating margin to almost 30%. Netflix's net profit margin TTM surpassed 20% for the first time, indicating significant dominance and an efficient business model. Improved cash flow from operations, with earnings quality reaching 100%, addresses previous concerns about Netflix's financial performance.
Costco's decision to install membership card scanners in U.S. stores could lead to the retailer's own version of a "Netflix moment," according to Morgan Stanley analysts.
Netflix seems to want to continue to make inroads into gaming, offering dozens of decently good mobile-focused titles on its service. But it wanted more, which is why it formed an internal studio (codename Blue) that was meant to make a AAA multiplatform game based on an original IP.
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