Netflix to investors: "We're taking our profits to Europe!"

Reblogged from paidContent:

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Netflix (s NFLX) investors shouldn't get too excited about the company's narrow return to profitability in the second quarter. It will be short-lived.

Netflix executives said Tuesday that the $6 million in profit it just posted -- which followed a $5 million loss in Q1 -- should give way to another loss in Q4 as it prepares to expand in Western Europe beyond the U.K.

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