Hacker News new | ask | show | jobs
by treis 1862 days ago
Because Netflix, Hulu, Prime Video et Al don't make money. At some point they're going to have to and that's when we see if you're right or not.
1 comments

https://www.washingtonpost.com/business/2021/04/20/netflix-n...

Netflix has over 208 Million subscribers each paying a monthly fee. They are taking in multiple BILLIONS every month in revenue.

They are also in complete control of their expenditures. They don't rely on commodities or regulations. If that isn't making money then I don't know what is.

Making money is when your revenues are higher than your costs.
Do you think that only companies that pay dividends are "making money"? What about stock buybacks?

Netflix's stock price is 480x what it was 20 years ago. It has a market cap of 280 Billion dollars.

Are you one of the people that said "amazon doesn't make money" because they used their revenue to expand for multiple decades?