The stock is up more than 3 percent after hours and a positive earnings release but Netflix is in trouble.
No it’s not because it is airing Sony’s North Korea film The Interview about a month late this Saturday. It’s also not because it beat earnings by almost 100 percent ($1.35 vs. $0.72 expected). The company also added 4.3 million subscribers to a total of 57.4 worldwide.
It’s because of the quality of the earnings, the future commitments for developing content, and an outrageous cash burn.
