How much money is Netflix in debt?
30, Netflix reported $12.43 billion in debt, up from $10.36 billion at the end of 2018.
Is Netflix still losing money?
Shares of Netflix fell 10.3% Thursday after the company reported a loss in domestic paid subscribers for the first time in eight years. Netflix lost more than $16 billion from its market cap following the report, bringing it to $142.2 billion. The stock is still up more than 21% so far this year.
How much will Netflix spend in 2020?
Netflix will spend $17.3 billion on content in 2020, according to a new forecast by Dan Salmon, an analyst with BMO Capital Markets. The company spent a bit more than $15 billion in 2019.
Does Netflix earn a profit?
While the balance sheets show a profit because of amortization of costs, if you look at “free-cash-flow” representing the true costs vs. revenue in a year, Netflix actually was $2 billion in the red in 2017 though they reported $11.7 billion in revenue and $560 million net income.