I'm confused, based on the numbers you provided, doesn't their model make a lot of sense? If on average you're getting ~$10/user/month, that's $120/user/year o

I'm confused, based on the numbers you provided, doesn't their model make a lot of sense? If on average you're getting ~$10/user/month, that's $120/user/year of which you're just spending $70/user/year, and thus have gross profits of ~$50/user/year. In other words, you're getting $12B in revenue, $7B of which you're spending on content to ensure that churn stays low and people continue to re-subscribe.