Annotations on the investor deck as Warner Bros. Discovery splits into two
you understand its at 5.5 p/fcf vs 60 p/fcf for netflix, you are talking of 11x difference
and thats after interest payments on debt as its fcf.
2. nflx was 80bn$ mkt cap in q4 2017 dtc ebitda 700mn$
who has 670mn$ dtc ebitda in q4 2024? Wbd. Who will double it wbd to 1.3bn$ ebitda 2025 q4
3. same as netflix doubled dtc ebitda q4 2018 to 1.4bn$ and mkt cap rose to 180bn$
you understand its at 24bn$ for all companies + studios not only dtc ebitda 10-15% of total ebitda...
you understand its at 5.5 p/fcf vs 60 p/fcf for netflix, you are talking of 11x difference
and thats after interest payments on debt as its fcf.
2. nflx was 80bn$ mkt cap in q4 2017 dtc ebitda 700mn$
who has 670mn$ dtc ebitda in q4 2024? Wbd. Who will double it wbd to 1.3bn$ ebitda 2025 q4
3. same as netflix doubled dtc ebitda q4 2018 to 1.4bn$ and mkt cap rose to 180bn$
you understand its at 24bn$ for all companies + studios not only dtc ebitda 10-15% of total ebitda...