Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble
variety.comSubmitted by Neo2199 t3_11a9aao in television
AgentElman t1_j9qynqr wrote
Reply to comment by Jaguarluffy in Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble by Neo2199
Except that cable companies are doing better than streaming.
Only Netflix makes money streaming. Everyone else is losing huge amounts of money.
formicatile t1_j9s43rd wrote
Which cable companies?
aw-un t1_j9rt8qm wrote
Hulu makes money
formicatile t1_j9s4cgt wrote
Does it?
aw-un t1_j9s561w wrote
formicatile t1_j9s7112 wrote
> Despite guidance from Disney that Hulu won't achieve profitability until 2023, Moffett estimates the that the streaming service has been profitable for the last two quarters
Doesn’t sound that cut and dry
Carl_Spakler t1_j9ss42i wrote
> Netflix makes money streaming
The company runs a negative cash flow business model.
It's borrowing huge amounts for content production that need to be paid back
yeroii t1_j9stbqj wrote
They report profits and revenue tho. They do make money.
Carl_Spakler t1_j9sure7 wrote
they play with the numbers bro
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