we see that engagement from ads plans users is comparable to sort of similar users on our non-ad plans.

"We're not adding ads to Netflix as you know it today. We're adding an ad tier for folks who say 'hey, I want a lower price and I'll watch ads',"Advertising can be a catalyst for renewed subscriber growth while having a neutral to positive impact on revenue per member.  The advertising revenue per member will most likely offset the lower subscriber charge on the ad-supported tier.

If 50mn people started paying an additional $ 8- per year, this would add $ 4bn to the annual revenue run rate.

As a broad guess, NFLX revenues, profits and cashflows by about 50%-80% from current levels in the long-run.

More than 60% of its customers now live outside the U.S. and Canada, and 83% of its new additions in last two years came from abroad.

Again, we think of ourselves as a non-substitutable good, when you -- we think about Wednesday or you think about Glass Onion, these are titles you can only see on Netflix, that's extremely powerful.”

The company has only generated cash since 2020 and 2023 was the first year of significant cash flow generation.

since the “Produced” in-house assets can stay on the platform for a long time, an average life of 4 years is too low. In this case the reported COGS is too high and reported profits are too low.

The money spent on programming is not immediately expensed on the P/L of the company. Instead, it is shown as an asset ("Non-current content assets) for the company as these films/ programmes will “earn” revenues for a few years

House of Cards

once two primary hurdles are cleared: the availability of deep and compelling content and the technological challenge of getting the content from the Internet to the TV, where people want to watch it

2018 年，开始收购安世半导体。

2008 年，嘉兴制造中心投产，成为中国第一家手机 ODM 企业

随着女性用户占比的提升，机身外观与机身尺寸已经成为硬件方面满意度较高的要素。

去年11月，自贡市人民政府等与沃兰特航空签署合作协议，布局沃兰特eVTOL（电动垂直起降航空器）智能制造基地项目。项目总投资20亿元，分两期建设，建成达产后可实现年产300架电动垂直起降航空器，年产值达75亿元。

据广汽集团昨日消息，广汽飞行汽车GOVE于3月8日在广州CBD上空进行飞行展示，首次完成在城市公众复杂低空环境进行飞行验证。同样也是3月8日，小鹏汇天飞行汽车“旅航者X2”完成城市CBD“天德广场-广州塔”区域的低空飞行。此次飞行，旅航者X2从广州天河区的天德广场超甲级写字楼群垂直起飞，通过自动驾驶模式，向广州塔方向飞行。不久前，全球首例用电动垂直起降航空器完成跨海跨城模拟载人飞行刚刚完成：电动垂直起降航空器“盛世龙”从深圳蛇口邮轮母港起飞后，降落在珠海九洲港码头，全程用时约20分钟——而深圳至珠海单程地面车程单程一般2.5～3小时。获取适航证后，该航空器预计将于2026年开启载人飞行，在粤港澳大湾区开设的数百条航线和上千个起降点进行商业化运营，单座票价预计300元左右。

由于受到地球引力、空气阻力的影响，同样的锂电或者氢能电池载配在地面汽车上可能续航数百公里，但安装在飞行汽车身上续航里程却只有几十分钟，而且由于需要克服自身在空中的重力，飞行汽车又不能无限制叠加电池。

规模效应

本是业内开店数量第一第二的龙头，却被今年9月宣布合并旗下4个品牌的“零食量贩上市第一股”万辰集团弯道超车。品牌四合一前，万辰集团门店数量仅为1920家。整合后，万辰旗下的零食量贩店总数合计达3700多家，几乎翻倍。通过合并旗下品牌，万辰集团也从区域性品牌转型为全国性连锁品牌，其零食量贩店覆盖了包括江苏、安徽、辽宁、广东、湖北、黑龙江等20多个省。而后万辰集团还收购了浙江本地零食店品牌“老婆大人”，进一步加强了在华东地区的覆盖

perc目前订单还有很多,电池不够会外采，原则是不会亏钱抢订单，不赚钱的业务就不去做

1994年7月，国务院颁布了《国务院关于深化城镇住房制度改革的决定》（国发[1994]42号）。94年颁布的这个国发文件，在我国房改历史上意义重大，它确定了房改的根本目标：建立与社会主义市场经济体制相适应的新的城镇住房制度，实现住房商品化、社会化；加快住房建设，改善居住条件，满足城镇居民不断增长的住房需求。

我们说房改，那么什么房改呢？改什么呢？字面意义上是改住房制度，而本质上，其实就是改变房子的供给属性、产权属性、分配属性等问题。