Netflix Inc. is no longer a hypergrowth company, so executives are trying to showcase an improvement that was once one of Wall Street’s prime worries about the company: free cash flow.
Netflix NFLX executives said Tuesday they expect to see positive free cash flow on an annual basis this year, in a letter to shareholders, and projected “substantial growth in FCF in 2023 vs. 2022,” due to increasing revenue, solid profitability and the successful multi-year evolution of its content model, which is now producing more content…
