Number1SummerJam@lemmy.world to Technology@lemmy.worldEnglish · 2 years agoStreaming giants have banded together for lobbying powerwww.theverge.comexternal-linkmessage-square33fedilinkarrow-up1321arrow-down12
arrow-up1319arrow-down1external-linkStreaming giants have banded together for lobbying powerwww.theverge.comNumber1SummerJam@lemmy.world to Technology@lemmy.worldEnglish · 2 years agomessage-square33fedilink
minus-squarestonedemoman@lemmy.worldlinkfedilinkEnglisharrow-up71arrow-down4·edit-22 years ago streamers are currently being forced to reckon with their profitability — or lack thereof. Netflix’s 2023 2nd quarter revenue: 8.1 billion dollars BTW
minus-squareramblinguy@sh.itjust.workslinkfedilinkEnglisharrow-up13arrow-down1·2 years agoOn a tangent, and nothing to do with you, but I don’t like how these streaming companies are being called “streamers”. Streamers are those people streaming on twitch, not a company like Netflix damnit.
minus-squarerebul@kbin.sociallinkfedilinkarrow-up8arrow-down2·2 years agoTo be clear, revenue does not equal profit.
minus-squarestonedemoman@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down2·edit-22 years agoNet income doesn’t equal profitability either. Companies scale their costs, including stock buybacks, based on revenue. https://ycharts.com/companies/NFLX/stock_buyback
Netflix’s 2023 2nd quarter revenue: 8.1 billion dollars BTW
On a tangent, and nothing to do with you, but I don’t like how these streaming companies are being called “streamers”. Streamers are those people streaming on twitch, not a company like Netflix damnit.
To be clear, revenue does not equal profit.
Net income doesn’t equal profitability either. Companies scale their costs, including stock buybacks, based on revenue. https://ycharts.com/companies/NFLX/stock_buyback