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Netflix continues to not be impressed by the streaming competition.
Netflix is feeling a little frisky after reporting this quarter’s subscriber numbers. The streamer points out competing services are losing unthinkable amounts of money while Netflix is in the black:
It’s hard to build a large and profitable streaming business — our best estimate is that all of these competitors are losing money on streaming, with aggregate annual direct operating losses this year alone that could be well in excess of $10 billion, compared with our +$5-$6 billion of annual operating profit.
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