Netflix Says Sees 2020 FCF Of ($1B) Or Better; Says Finished Quarter With Cash Of $5.2B
Portfolio Pulse from Benzinga Newsdesk
Netflix projects its free cash flow for 2020 to be negative $1 billion or better, and reports ending the quarter with $5.2 billion in cash.
April 21, 2020 | 8:03 pm
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Netflix forecasts its 2020 free cash flow to be negative $1 billion or better, indicating potential financial stability despite the negative cash flow. The company ended the quarter with $5.2 billion in cash, suggesting a strong liquidity position.
The forecast of negative $1 billion or better in free cash flow suggests that Netflix is managing its cash flow expectations, which could be seen as a neutral indicator by investors. The substantial cash reserve of $5.2 billion provides a buffer, indicating financial stability. This news is important for investors as it reflects Netflix's financial health and liquidity, but it does not suggest a significant immediate impact on stock prices.
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