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But Netflix wasn't profitable at a €9.99 subscription, and therefore that was never sustainable. Look at how Netflix continues to raises prices just this year a
by ThatPlayer 5y ago
But Netflix wasn't profitable at a €9.99 subscription, and therefore that was never sustainable. Look at how Netflix continues to raises prices just this year already.
- Macha 5y agoThat's not the only reason to raise prices, or they wouldn't have raised them this year given they made a profit in 2021. Netflix's net income has been positive for the last decade: https://www.macrotrends.net/stocks/charts/NFLX/netflix/net-income https://www.macrotrends.net/stocks/charts/NFLX/netflix/net-i... It might be a better business _for the the business owners_ with less licensing fees due to less third party content and higher prices, but that's not the same as being better for the users.
- ThatPlayer 5y agoTheir net income is positive, but their free cash flow afterwards is pretty substantially negative until recently: https://www.macrotrends.net/stocks/charts/NFLX/netflix/free-cash-flow https://www.macrotrends.net/stocks/charts/NFLX/netflix/free-... It doesn't matter if it's better for the users if it is not sustainable. That's how you go out of business, which is no good for anyone.