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by Giho
2326 days ago
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I don't understand your criticism thou.
Netflix already had 167M paying subscribers in the final quarter of 2019 increasing roughly by 10-20M subscribers each year, so they will probably be up to 220M in year 2023-2024. They are soon there and still have debt.
And 220M times $11, I only get to 2.4B, then you also have account for the expenses before you can call it a revenue.
As I understand Netflix has a debt of roughly 12B and their operating expenses for 2019 was roughly 17B, so that's also why Netflix need to lend, can easily escalate.
I can understand the fear from investor's. |
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