That is why Netflix cannot make any money at all. Even for the holiday quarter Netflix reported 80% earnings per share drop. It will report loss in Q1 just like last year. There is no money to be made here. Only lots of air in the bubble.
That is what a lot of people did in the holiday quarter. And that is why the sub is up but the profits are down 80%. There is no profit here. Just a big broken bubble stock making lower lows and lower highs deflating bubble.