52ndstreet

52ndstreet t1_j9raq6h wrote

I don’t know that Wall Street doesn’t believe in streaming anymore, per se. But I think everyone now realizes that the notion of unlimited growth in the sector is fiction and the streamers need to run their business in a way that makes them profitable without relying on attracting hordes of new subscribers.

But as a business model, Netflix brings in roughly $2.6 Billion per month. (Source: Netflix 10k report, Q4 2022). So they have a lot of money coming in every month. Wall Street can absolutely believe in a business that brings in $33.61 Billion per year.

26