g-man posted:irwin posted:
Yes, I had the terminology wrong. You are correct.
But, they got another 5.1 million subscribers. Let's say each subscriber pays $100 per year. So that is $510 million in additional revenue. That's not chump change. Plus, their earnings were higher than expected. 85 cents per share vs. the predicted 79 cents per share.
I love the company. They have only 3200 employees!
but they need to spend 7-8 billion on new shows =) to quote "That's not chump change"
They now have about 130 million subscribers to the streaming service. Assume each one pays $100 per year. That would be $13,000,000,000 in annual income. (13 Billion). I did see that they now have 4800 employees. The current letter to shareholders says, "We are making good progress with our original feature films." If you are going to make progress, "good progress" is the best kind!