Netflix Earnings Q2 2017

Netflix’s financial report comes on the heels of the 2017 Emmy nominations, which recognized Netflix series such as “Master of None,” “Unbreakable Kimmy Schmidt” and “Stranger Things.
Since Netflix’s last earnings report, new seasons of popular series “House of Cards” and “Orange is the New Black” hit the small screen.
Netflix has shuffled some top executives in recent months, adding chief product officer Greg Peters and feature film boss Scott Stuber.
Last quarter, Netflix said it would spend over $1 billion in 2017 on marketing costs alone, projecting that the company would have negative free cash flow for “many years” as it invests in original content, including an estimated $2 billion in negative free cash flow this year.
“13 Reasons Why” also garnered buzz after it was unveiled on the last day of the first quarter.

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