Is Netflix stable? There is lots of competition.
May 6, 2021
36 Comments
Does Netflix have a bright future or it's going to be crushed by the competition?
Hulu, YouTube, Amazon, HBO Max, Disney+, Roku, etc. are all in the same market unless I am misunderstanding the business model of Netflix.
TC: 300k
Edit:
Thanks everyone for responding! My confidence in Netflix has strengthened. Their net income in 2020 was $3B (thanks to ποΈ π ποΈ for finding the earnings spreadsheet).
Additionally this article does a good job at summarizing the financial situation at Netflix - https://www.nytimes.com/2021/01/19/business/netflix-earnings-debt.html
Netflix Will No Longer Borrow, Ending Its Run of Debt
NYTimes
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$3B is amazing actually!
Almost everyone with kids have Disney +.
Almost everyone has Netflix.
HBO max ,amazon YouTube , etc are just sides which folks get after ordering Netflix and/or Disney+.