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1.7 billion in profit on ~7 billion in revenue in the first quarter of 2021 counts as "no money" these days?
by WJW 5y ago
1.7 billion in profit on ~7 billion in revenue in the first quarter of 2021 counts as "no money" these days?
- disgruntledphd2 5y agoYeah, because it essentially happened because they stopped producing content in 2020, due to the pandemic. https://www.cnbc.com/2021/01/19/netflix-says-cash-flow-positive-after-2021-no-more-external-financing.html https://www.cnbc.com/2021/01/19/netflix-says-cash-flow-posit... Netflix have needed external financing to stay in business up till this year. This is very unlike the rest of FAANG (Amazon is similar, but do throw off a lot of free cash).