, Columnist
Netflix Gets to Say 'I Told You So,' for Now
The streaming-video service is retiring its cash-burning torch, but not its crown.
Netflix built up a treasure trove of new content including the hit “Bridgerton.” It’s going to need to keep spending.
Photographer: Liam Daniel/NetflixThis article is for subscribers only.
Netflix Inc. would like to thank you for attending its cash bonfires over the years but says it’s time to go home now — and watch more Netflix.
The streaming-video company stunned investors Tuesday by announcing that it’s “very close” to becoming a true cash-flow-generating company and that it no longer needs to borrow to finance its day-to-day operations. Translation: The money-torching stage of Netflix’s evolution is coming to an end as it gets closer to becoming legitimately profitable.