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Netflix's earnings report looked different this time around
- Netflix reported a significant earnings beat in its first-quarter results, with earnings rising 25% to $6.61 per share and sales growing 13% to $10.5 billion.
- The report was unique as Netflix did not include specific quarterly subscription numbers this time, focusing on ad sales expansion, plans for sports, and creator content.
- Netflix launched an ad tech platform and hinted at incorporating video podcasts on the platform to drive growth.
- Despite economic concerns, Netflix remains resilient, with the stock rising 3% in after-hours trading following the positive earnings report.
- On the market front, UnitedHealth's shares dipped after disappointing earnings, while Eli Lilly's new weight-loss pill showed promising results, boosting the company's stock by 14%.
- In tech news, ICE ordered $30 million worth of Palantir tech to track immigrants, and AI agents still have room for improvement in accuracy.
- CEOs of American-made businesses express optimism about a US manufacturing resurgence, and some Starbucks baristas raise concerns over the new dress code impact.
- TikTok's leaders tighten control in China and Singapore, and future development will be overseen by global leaders, affecting its expansion in Latin America.
- In other news, a federal judge deemed Google a monopolist, and Trump Media requested an SEC investigation into a hedge fund's large short on Google.
- Russian oil prices decline, raising concerns over Putin's actions, and the impact of Trump's tariffs on America's food supply is contemplated.
- Lastly, the article touches on the current challenges faced by junior bankers, insights from Gen Z tech workers, and the emergence of humanoid robots in warehouses.
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