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MarketWatch First Take: Netflix has a different pitch for Wall Street, as subscriber growth hits a wall

Netflix Inc. is no longer a hypergrowth company, so executives are trying to showcase an improvement that was once one of Wall Street’s prime worries about the company: free cash flow.

Netflix NFLX executives said Tuesday they expect to see positive free cash flow on an annual basis this year, in a letter to shareholders, and projected “substantial growth in FCF in 2023 vs. 2022,” due to increasing revenue, solid profitability and the successful multi-year evolution of its content model, which is now producing more content…

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