2020 Netflix Coronavirus

How Netflix Reached Positive Quarterly Free Cash Flow for the First Time in Years

Reading now: 285
www.hollywoodreporter.com

Netflix's first-quarter earnings report Tuesday once again focused much attention and debate on the global streamer's subscriber momentum, which exceeded even the most bullish expectations amid the coronavirus pandemic.

But the company also surprised Wall Street by posting positive free cash flow for the latest quarter, the first time it has done so in years.

One key question for analysts has long been when Netflix can get to the point where it can self-fund its spending, including its annual content budget that has grown to more than $15 billion.

In that context, one figure that drew much attention was the streaming giant's forecast for a reduced free cash flow loss in 2020 of $1 billion "or better" amid shuttered productions of original.

Read more on hollywoodreporter.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA