H-I-M
Member
I actually have been paying attention. Here is Netflix's Net income for the last ten years:
2022 $4,492 (millions) 2021 $5,116 (millions) 2020 $2,761 (millions) 2019 $1,867 (millions) 2018 $1,211 (millions) 2017 $559 (millions) 2016 $187 (millions) 2015 $123 (millions) 2014 $267 (millions) 2013 $112 (millions)
They are certainly not losing money. I understand that other streaming companies are not the 900 pound gorilla that Netflix is, but that is why Microsoft wants to become the biggest first. Many of the other streaming companies which are losing money (especially Disney & Discover) have basically tried to loss lead their way into subscribers since they are so late to the game (Disney+ was launched 38 months ago, compared to Netflix's 17 years of streaming). This also means all of these companies trying to shortcut their way to the top are competing with each other for movies. shows, creators, etc and are driving prices up unreasonably. First to market has a ton of advantages
We all understand why Microsoft would want to be first, but that doesn't mean it's going to translate into actual success.
GamePass numbers haven't been shared in years.
Analysts are telling us that the market has stagnated.
Hardware sales are plummeting.
Just because Microsoft has the financial means, doesn't mean they can't fail (see HD DVD, windows phone, Surfaces laptop,...).