As Netflix shares were falling in Friday trading, there need not be any more confirmation of this market's worship at the altar of growth. Netflix management's prediction of net subscriber growth of only 2.5 million in the third quarter was enough to take the shine off the Netflix story. This at the same time that Netflix actually delivered positive free cash flow for the second consecutive quarter and predicted a flat-to-positive result on FCF for full-year 2020. Read More...
As Netflix shares were falling in Friday trading, there need not be any more confirmation of this market’s worship at the altar of growth. Netflix management’s prediction of net subscriber growth of only 2.5 million in the third quarter was enough to take the shine off the Netflix story. This at the same time that Netflix actually delivered positive free cash flow for the second consecutive quarter and predicted a flat-to-positive result on FCF for full-year 2020.
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