Netflix’s content spending will ‘trigger substantial cash burn for many years’ (TSLA) | Markets Insider

Netflix‘s impressive quarterly earnings and subscriber growth blew past Wall Street’s expectations on Tuesday, causing analysts across the Street to upgrade their price targets. But Wedbush analyst Michael Pachter, a long-time Netflix bear, cautioned that the company’s cash burn remains a big problem for the video-screaming giant.

Source: Netflix’s content spending will ‘trigger substantial cash burn for many years’ (TSLA) | Markets Insider

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