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Netflix announced quarterly earnings that are almost in line with analysts' expectations, with revenues reaching $12.56 billion and earnings per share of 80 cents during the second quarter, compared to a net profit of $3.40 billion. Despite the solid performance, the company's stock declined by about 10% due to cautious future outlooks, as it expects revenue growth of 12% in the third quarter and annual revenue forecasts between $51 billion and $51.4 billion. The focus remains on organic growth and selective acquisition strategies to face the competitive challenges in the entertainment market.
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