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-0.00179615898309775 -0.000989959931838143 -0.00391470547598223 -0.00278634919172854 -0.00398378851379362 -0.0077142725556119 -0.000921107170819403 -0.00485884032607197
Stock impact report

Because of Coronavirus, Netflix Is Profitable ... for Now [The Motley Fool]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: The Motley Fool
Surprising no one,Netflix(NASDAQ:NFLXLooking beyond the headline, though, something far more interesting occurred on the bottom line. Netflix reported that it was free cash flow-positive in the quarter, and that should occur again in Q. It's a departure from the way business was trending before, and just like the surge in subscriptions because of people being stuck at home, the newfound profits are due to coronavirus.Hasn't Netflix reported positive earnings before?If this situation sounds confusing, it's because most headlines home in on earnings per share. And on that front, earnings have been positive at Netflix for a long time.However, earnings are not a true measure of profitability. Earnings include the effects from items such as depreciation and amortization on items that were paid for in the past but couldn't be fully expensed up front. Content creation is one of those items. Though the cash leaves the balance sheet to pay for a new movie or TV show, the actual expense is real Show less Read more
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