Netflix’s net cash provided by operating activities is extremely unstable. The valuing is very difficult.

Introduction Netflix, Inc. (NFLX) operates as one operating segment. Its’ revenues are primarily derived from monthly membership fees for services related to streaming content to Netflix ‘s members.  Profitability analysis Year ended December 31,    2023 2022 2021 Revenues $ 33,723,297  $ 31,615,550  $ 29,697,844  Cost of revenues 19,715,368  19,168,285  17,332,683  Marketing 2,657,883  2,530,502  2,545,146  Technology and…