earnings report: Gene Munster The managing partner and co-founder of Loup Ventures, and former Piper Jaffray analyst, told CNBC s Fast Money on Tuesday that he doesn't see how the streaming giant is going to make money anytime soon, according to Market Watch. In its earnings report, Netflix NFLX, 1.58% said it added a record 9.6 million subscribers in the first quarter and posted a healthy increase in revenue, to 4.5 billion from 3.7 billion in the year-ago quarter. It is not a good business model. But it warned that its spending will increase, and said it expects around a 3.5 billion free-cash-flow deficit for the year. At 10 a month they would have to add 30 million subscribers he told CNBC. At the current run rate, that probably puts it toward the end of 2020 before they kind of alleviate that cash burn. That raised a red flag for Munster.
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