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Netflix open to strategic deals for growth, reports strong Q3 results.
Netflix co-CEO Ted Sarandos said the company is open to selective mergers and acquisitions for profitable growth, marking a shift from its past "builder, not a buyer" approach.
While considering potential deals, including interest in Warner Bros.
Discovery, Sarandos emphasized no interest in legacy media networks.
Netflix reported a 17.2% revenue rise to $11.5 billion in Q3, driven by pricing, subscribers, and advertising.
Executives believe the competitive landscape remains stable despite industry consolidation.
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Netflix abierto a acuerdos estratégicos para el crecimiento, reporta fuertes resultados del tercer trimestre.