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Isn’t $55 M little more than a rounding error for a company like Netflix ?
by dotcoma 3y ago
Isn’t $55 M little more than a rounding error for a company like Netflix ?
- brigadier132 3y agoNo, it isn't.
- cj 3y agoWasn’t 1 hour long episode of Stranger Things about $30m per episode? Definitely not small amounts of money, but relatively speaking…
- dasmascusstuui 3y ago[dead]
- mynameisash 3y agoAccording to this site[0], their revenue for 2022 was $31.6B, so $55M would be approximately 0.17%. Stated otherwise, on average, they make $55M every 15 hours or so. So yeah, it kind of seems like a rounding error. [0] https://www.statista.com/statistics/272545/annual-revenue-of-netflix/ https://www.statista.com/statistics/272545/annual-revenue-of...
- notimetorelax 3y agoIt's still around 180k of premium subscribers at 25$ per month for a year, not taking into account traffic costs. It's not nothing, it's lost cash and lost opportunity.
- onlyrealcuzzo 3y agoOperating income is ~$6B - so it's closer to 1% of what really matters.
- IshKebab 3y agoRevenue is the wrong number. Their net income is only $1.7b so $55m is not completely insignificant.
- dotcoma 3y agoIMHO the right number is how much they spend to produce movies, shows, series etc. $ 16.7 B in 2022. So, 0,33 %
- jl6 3y agoJust because large companies publish large round numbers in their reports, doesn’t mean they don’t care about the underlying figures.
- ssnistfajen 3y agoDoesn't mean they can just forget about losing that money for an evidently frivolous reason.
- WalterBright 3y agoIf somebody stole $55M from them, I'm sure Netflix would go after them hammer and tong.
- iudqnolq 3y agoWell in this case Netflix is defending against a case in arbitration that they owe the guy an extra $14 million. Sure seems like they signed a very stupid contract.
- quickthrower2 3y agoNot necessarily because of the $55M per se though, but because they need to discourage further stealing. It would be like someone shoplifting $100 of stuff from a corner store.