Hi! Welcome Back and Stay Tune! Netflix now expects to burn through $3.5 billion in cash this year. That’s about $500 million more than it previously forecast. - Mukah Pages : Media Marketing Make Easy With 24/7 Auto-Post System. Find Out How It Was Done!

Netflix now expects to burn through $3.5 billion in cash this year. That’s about $500 million more than it previously forecast.

Mimi Sabreena 3:08:00 PM Editor Choice

Reed Hastings, CEO of Netflix, which warned Tuesday that it will bleed more cash this year than it previously projected.

The streaming-media giant said its taxes and real-estate investments will be larger than it expected three months ago.

✍ Source Link : ☕ Business Insider Malaysia

Source :

(✿◠‿◠)✌ Enjoy reading and not forget to👍 Like & 💕 Share!

No comments

Comments are welcome and encouraged on this site. Comments deemed to be spam or solely promotional will be deleted. Including link to relevant content is permitted, but comments should be relevant to the post topic.

Comments including profanity and containing language that could deemed offensive will also deleted. Please respectful toward other contributors. Thank you.