Wrong, Netflix is not profitable!!! Quote from
Post# of 96879
Quote from Netflix: "We then intend to generate material global profits from 2017 onwards."
From business insider:
Quote:
Investors are going to start wanting to see profits, and Netflix will have to deliver. This is a big transition for any company, and it's hard to nail the dismount cleanly.
So can Netflix be profitable in two years? That's a tough one. It hasn't done it yet, and the bear thesis is that company is scaling too fast and burning through cash. The company said it expected lower income in 2015, too, so part of this is going to be about controlling costs in a pretty expensive business.
This quarter, Netflix was cash-flow negative by $78 million. It missed revenue estimates, bringing in $1.48 billion versus $1.49 billion analysts were looking for.
http://www.businessinsider.com/netflix-promis...017-2015-1
Read more: http://www.businessinsider.com/netflix-promis...z3aAtF4iTc