The Rise of Netflix as a Global Television Company

More and more Netflix is looking like an old-fashioned television company. It's not growing very quickly, but now it's made a remarkable turn towards profitability. Free cash flow jumped in the last quarter to about two billion dollars Guidance for operating margins is now in the 20% range. Felix: The real promise of Netflix Especially with its valuation, which is $150 billion There has to be some promise of operating leverage.