Netflix increases its free cash flow estimate for 2023 from $3.5B to $5B, citing “lower cash content spend” due to the strikes and “timing of production starts” (Erik Hayden/The Hollywood Reporter)

Erik Hayden / The Hollywood Reporter:
Netflix increases its free cash flow estimate for 2023 from $3.5B to $5B, citing “lower cash content spend” due to the strikes and “timing of production starts”  —  The streaming giant is the first Hollywood studio to disclose earnings figures amid the actors’ work stoppage.