20 Things You Didn't Know About Netflix
1. They're Billions Of Dollars In Debt
Considering how popular the service is, you might think that everything is absolutely perfect over in Netflix land, with happy staff, healthy finances and faultless infrastructure all painting a magical picture of success that does not have a single scratch.
And while that's true for the most part, the company isn't in tip-top shape when it comes to its cash flow, because debt... they have a lot of it.
As reported by Variety, Netflix was $12.43 billion in debt as of September 2019, which was even higher than the $10.36 billion weight that they carried at the end of 2018. In 2020, the figure has risen once again, sitting at around $13.5 billion in the middle of January.
Despite that baggage, the company is set to spend over $17 billion on content in 2020, and is expected to rise past $26 billion by 2026. Most major corporations have some form of debt so none of this is particularly worrisome, and really, the fact that they can thrive with a $13.5 billion burden to carry just goes to show how utterly enormous Netflix has become.
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