Netflix grows profit faster than sales but flags expense-timing benefits
Netflix ($NFLX) reported quarterly revenue of $12.874 billion, an increase of 11.8%, and operating income of $4.459 billion, up 37%. Operating margin reached 34.6%, compared with 28.2% a year earlier. Net income rose 44% to $3.664 billion, earnings per share increased to $0.87 and free cash flow reached $2.884 billion. The results show substantial profit growth alongside continued expansion in revenue. The company nevertheless attributed much of its margin outperformance to the timing of expense
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