Netflix Spent $12 Billion on Content in 2018. Analysts Expect That to Grow to $15 Billion This Year

For the year ahead, Wall Street analysts see that climbing 25% — to around $15 billion on a gross cash basis. Netflix will continue to burn cash, telling investors Thursday that it expects to record negative $3 billion in free cash flow in 2019 (similar to last year), and that it intends to continue to turn to debt markets to fund the spending rate. The company had $10.4 billion in long-term debt at the end of 2018, versus $6.5 billion year earlier. – Todd Spangler, Variety » http://bit.ly/2Dl1hg4