Netflix says its cash burn will peak this year, then go down




Netflix CEO Reed Hastings speaks throughout an interview on day two of the Netflix See What’s Next: Asia occasion on the Marina Bay Sands on November 9, 2018 in Singapore.

Netflix stated its cash burn will peak in 2019 and certain drop off in coming years.

For the fourth quarter, the streaming large stated its free cash circulation deficit swelled to $1.32 billion, in contrast with the deficit of $524 million a 12 months in the past. Netflix stated that brings its cash burn as much as $3 billion for 2018.

While Netflix projected its free cash circulation to be comparable this 12 months, it additionally stated it will “improve each year thereafter (assuming, as we do, no material transactions.)”




Be the first to comment on "Netflix says its cash burn will peak this year, then go down"

Leave a comment

Your email address will not be published.


*