India, April 16 -- Streaming giant Netflix Inc. (NFLX) on Thursday reported first-quarter results, with profit rising from a year earlier, driven by double-digit revenue growth and a hefty termination fee tied to the Warner Bros. Deal.
Net income for the quarter was $5.28 billion or $1.23 per share, compared to $2.89 billion or $0.66 per share last year.
Profit was driven by higher-than-projected operating income and the $2.8 billion termination fee related to the Warner Bros. transaction, which was recognized in "interest and other income."
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Revenues for the first quarter grew 16% year over year to $12.25 billion from $10.54 billion last year. Revenue g...