Un petit copy pasta économique pour vous
Netflix loses money year after year. The more subscribers they bring in, the more money they lose.
At the end of 2015, Netflix had 75 million subscribers. But its Free Cash Flow was NEGATIVE $920 million.
The following year, Netflix had grown its subscriber base to 93 million. Yet its Free Cash Flow had sunk even further to negative $1.65 billion.
y the end of 2017, Netflix subscribers totaled 117 million. But the company burned through $2.02 billion.
Clearly the more ‘successful’ Netflix becomes , the more money they lose. Yet the stock surges ever higher. It’s truly bizarre.
><but they are losing money
but how come Netflix is losing money and it is still able to borrow us much as it needs ? that is interesting question, isn't it ?
in Q2, NFLX reported $3.91BN in revenue, below the $3.94BN expected.
Q2 total net streaming additions 5.15MM, a drop from last quarter's 7.41MM, and below the Exp. 6.27 MM
Q2 domestic net streaming additions 0.67MM; missing badly Wall Street exp. 1.21MM, and the company guidance of 1.20MM
Q2 international net streaming additions 4.47MM, Wall Street exp. 5.06MM, guidance 5.00MM
Q3 total net streaming additions: 5.00MM, Exp. 5.93MM
Q3 domestic net streaming additions: 650K, Exp. 875K
Q3 international net streaming additions: 4.35MM, Exp. 5.06MM
Debt, on balance sheet: $8.4B
Debt, off balance sheet: $17.9B
Total Debt: $26.3B
Cash: $3.9B
Net Debt: $22.4B
Market Cap: $150B
EV: $172.4B
Projected EBITDA: $528MM
Net Debt/EBITDA: 42x
EV/EBITDA: 326x