RE:RE:RE:ChartsThe elephant in the room are those outrageous streaming costs. They are killing the margins. Thankfully RQ contractually agreed on a couple of time restricted points where he can buy his way out at the end of this year or next. Seeing next year as the most likely time- the buyout is just a shade below 300 million. Even as the POG rises- so will the streaming costs.
Big equity buyers in this space know this. I had saved the data file but cannot find it- I think it was enclosed in the 4th q pdf.