BrikoX@lemmy.zipM to Technology@lemmy.zipEnglish · 11 months agoIt’s “shakeout” time as losses of Netflix rivals top $5 billionarstechnica.comexternal-linkmessage-square4fedilinkarrow-up132arrow-down10
arrow-up132arrow-down1external-linkIt’s “shakeout” time as losses of Netflix rivals top $5 billionarstechnica.comBrikoX@lemmy.zipM to Technology@lemmy.zipEnglish · 11 months agomessage-square4fedilink
minus-squareKepabar@startrek.websitelinkfedilinkarrow-up2·edit-211 months agoAs a Star Trek fan, I dread it. Unfortunately Paramount is not turning a profit fast enough. So it’s almost inevitable. They’ve made good progress though. Q3 losses were at a quarter of a billion a quarter. Last year Q3 losses were half a billion a quarter. So the deficit has been halved but that’s still a billion a year in losses they have to somehow plug.
As a Star Trek fan, I dread it.
Unfortunately Paramount is not turning a profit fast enough. So it’s almost inevitable. They’ve made good progress though.
Q3 losses were at a quarter of a billion a quarter.
Last year Q3 losses were half a billion a quarter.
So the deficit has been halved but that’s still a billion a year in losses they have to somehow plug.