Thread: ViacomCBS looking to sell S&S
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Old 03-05-2020, 11:55 AM   #7
DNSB
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Originally Posted by Quoth View Post
Netflex is not profitable and is a one trick pony. They don't have the long term resources to compete with Amazon and Disney.

My point is that video streaming is now a crowded market and only companies that have big alternate resources and/or content (Amazon, Disney etc) will survive.
The last time I looked at NetFlix's financials, for 2019, their gross revenue was shown as ~$29 billion (North American billion so 9 zeros) with a gross profit of ~$7.7 billion and a net income of ~1.9 billion. You can check at Netflix Financial Statements 2005-2020 | NFLX for more information.

I will have to agree that going forward, NetFlix may be in for trouble considering the number of well-funded and stocked with content competitors joining the market. With the continuing fragmentation in the streaming market, most consumers are going to be looking at using 4 or more streaming services to obtain the same content they are currently enjoying.
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