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Netflix will burn $2 billion in 2017, and negative free cash flow will continue ‘for many years’ (NFLX)
|04/18/2017||Posted by BusinessMediaguide.Com under General World News||
Netflix said it will cross a whopping 100 million subscribers worldwide this weekend, but there’s one major thing Wall Street is still worried about: how much cash the company is burning to get there.
On Monday, Netflix reiterated that it expects to have a negative free cash flow of $2 billion in 2017, versus $1.7 billion in 2016.
“The growth in our original content means we continue to plan to have around $2B in negative FCF this year,” Netflix wrote in a letter to shareholders Monday.
Here’s how Netflix explained it:
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