Google to unveil secret gaming project (console?) at GDC 2019 in March.

jshackles

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Cash burn is the amount they burning to keep operations going, they have a negative cash burn, you can't hide cash burn, when you run out, you run out. Just stop, you have no idea what you are talking about.

You can't hide cash burn, which is why they are taking on debt, if they were net flow positive they wouldn't need more debt. The cash burn has been $1-3 billion.
Dude I was gonna let this go but you made it personal and you're spouting nonsense so I figured it warranted a response.

Do you know what an income statement is? It's a company's statement of how much money they have coming in verses how much money they have going out. It's a useful tool as a business owner so that you can make sure you're not operating at a loss. Publicly traded companies have to file their basic income statements with the SEC, which I linked earlier in this thread. These statements become public record. Here is Netflix's statement from September 2018



Despite their "cash burn" or debt or anything else you claim is causing Netflix to lose money, they still made over $1,077,308,000 in net income in a nine month period ending Sept 30, 2018. The figures clearly show money coming in (Revenues) and money going out (cost of revenues, marketing, technology, administrative, interest expenses, taxes, etc). The articles you've linked so far are because investors are worried that Netflix is spending too much on original programming (a percentage of cost of revenues) or that they're taking on too much structured debt (interest expenses).

If (like you claimed) Netflix was losing money, it would be clearly visible here - the net income line would have parentheses around it, indicating a negative number.


Bringing this back to being on-topic: streaming services are extremely lucrative, as Netflix has shown us in the above image. Even if your operating expenses increased by a good margin for something like buying high-end server rendering equipment and higher class networking gear to help reduce latency in the data center, there is a massive untapped consumer market here and I suspect Google is in a good position to deliver. They have existing network architecture in place for their other business aspects, and they've got money to invest in such a venture going forward.
 

TwiztidElf

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I'm calling it right now.
This thing is going to be a hybrid, and compete head to head with the Switch.
 

Bwesh

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Mar 6, 2018
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As long as this is always online, they won't get the marketshare they're thinking their gonna get. Fast and reliable internet connections are still not common in other parts of the world. But color me interested.
 

wtftad

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Here is a nice unboxing video from a tech channel that I follow. This is not the StreamCast (I also want it to be called that....but it isn't) it is a device Google is going to sell to combat the dominance Amazon currently has as far as streaming boxes go.

This could be off topic...if so connect me to X-Band and lets play some Herzog Zwei while you delete me into oblivion......
 

MarsMartin

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Nov 20, 2013
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I was at GDC19 today. I was surprised at the amount of people taking a picture of Google's empty space and tweeting about it.
 

Ivellios

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I vote that this will be a streaming device, with a subscrition to access great variety of games.

Just not the variety that would make me interested though
 

DeepEnigma

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Dec 3, 2013
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A streaming device with access to Sega's catalog starting with the Dreamcast nostalgia bite.

Maybe even a retro emulator built-in to download locally.
 

Scopa

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Oct 27, 2017
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If they call it the Streamcast or the Dreamcast 2 and have access to Sega’s back catalogue, this might surprise a few people.
 

Believer1

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Oct 24, 2017
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Could somebody calculate how many hours until the conference? All the time zone crap gives me a headache.
 

Shmunter

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Lets hope it's a $1000 monster subsidized down to $400. After all, google is all about services so they may be wanting to get this out to as many as possible, and screw over Sony / MS next gen plans making this GoogleStation the default next gen.

It's just so crazy, it may work!
 

llien

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Feb 1, 2017
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Here is a nice unboxing video from a tech channel that I follow. This is not the StreamCast (I also want it to be called that....but it isn't) it is a device Google is going to sell to combat the dominance Amazon currently has as far as streaming boxes go.
Lol at the remote being nearly exact copy of Amazon's fire. (which could itself be a copycat)

I've moaned about Chromecast should not be mentioned as Fire TV competitor subj earlier:
Chromcast is such a disappointment, I feel scammed [rant]
 
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Rosolink

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Aug 19, 2013
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A Dreamcast, a PowerGlove, E.T. on Atari..... they only miss the Virtual Boy and they have the biggest failure in the videogames industry. Do they really wanna be next on that list?



(The DC is probably my favorite console though)
wtf are they doing! thats like a puzzle! Dreamcast: great device but failed, POwer Glove gimick device, failure. Atari E.T. failure and bad game. Only good thing in that image is the Dreamcast. Could be nice to know whats written at the bottom of those cases.

Edit: oh I see there ar other consoles in display and below the text reads "the first to..." do whatever, so Im betting Google is saying "the first streaming only console" or something like that. I hope it has something to do with VR
 
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vkbest

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Jan 23, 2017
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Buying digital games on Steam, PSN or XBOX Live is risky because in next years could close the digital shops, at least you can do backups from your games and play locally.

But what would you do on stream services? If google launch stream platform and close in years because disaster, you will lose your games.
 

Murdoch

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Mar 11, 2014
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This is brilliant no matter how you look at it. I can't believe we are this this close to the launch of a control pad/streaming service/gaming console by GOOGLE of all people and yet we don't know anything about it.

Simply wonderful stuff.

The Pixel 4 launching in Oct/November has already leaked :)
 

db1416

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Jan 2, 2019
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Live stream is here for anyone wondering! Cheers lads. Starts at 10am PT and 1pm ET.
 
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NutJobJim

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I'm calling it right now.
This thing is going to be a hybrid, and compete head to head with the Switch.
A hybrid equal or more powerful than the Switch in handheld mode that becomes a steaming console when connected to a TV (to stream current gen games) would be pretty cool.

A streaming device with access to Sega's catalog starting with the Dreamcast nostalgia bite.

Maybe even a retro emulator built-in to download locally.
If they call it the Streamcast or the Dreamcast 2 and have access to Sega’s back catalogue, this might surprise a few people.
Sega being involved would really excite me. Full access to Sega's back catalogue (particularly the Dreamcast) via some kind of subscription service would be amazing.
 

GlassAwful

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Dec 4, 2016
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A Dreamcast, a PowerGlove, E.T. on Atari..... they only miss the Virtual Boy and they have the biggest failure in the videogames industry. Do they really wanna be next on that list?



(The DC is probably my favorite console though)

Yea... This was no accident. Some cheeky bastard on the marketing team pulled one over on the higher ups with this one.

You don't use the Powerglove, the Dreamcast, or the Atari 2600 displayed next to a copy of fucking E.T. as a way to show innovation in the industry.

You'd show the first dual shock, the Wii controller, the advent of vibration, the progression from floppy disks to cartridges to CDs, DvD, blu ray and now digital.

You don't display a fucking Atari with E.T. followed by And Then....

Me thinks this cheeky bastard doesn't think highly of what Google is about to present.
 

Inviusx

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Jan 4, 2016
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The thought of streaming a video game from a server farm somewhere makes me weep.

The thought of Google coming in and buying up studios to lock content behind that technolgy worries me.

Although I'm curious to see what they announce I can't lie and say part of me isn't worried about where this is all heading.
 
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DanielsM

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Feb 11, 2019
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Dude I was gonna let this go but you made it personal and you're spouting nonsense so I figured it warranted a response.

Do you know what an income statement is? It's a company's statement of how much money they have coming in verses how much money they have going out. It's a useful tool as a business owner so that you can make sure you're not operating at a loss. Publicly traded companies have to file their basic income statements with the SEC, which I linked earlier in this thread. These statements become public record. Here is Netflix's statement from September 2018



Despite their "cash burn" or debt or anything else you claim is causing Netflix to lose money, they still made over $1,077,308,000 in net income in a nine month period ending Sept 30, 2018. The figures clearly show money coming in (Revenues) and money going out (cost of revenues, marketing, technology, administrative, interest expenses, taxes, etc). The articles you've linked so far are because investors are worried that Netflix is spending too much on original programming (a percentage of cost of revenues) or that they're taking on too much structured debt (interest expenses).

If (like you claimed) Netflix was losing money, it would be clearly visible here - the net income line would have parentheses around it, indicating a negative number.


Bringing this back to being on-topic: streaming services are extremely lucrative, as Netflix has shown us in the above image. Even if your operating expenses increased by a good margin for something like buying high-end server rendering equipment and higher class networking gear to help reduce latency in the data center, there is a massive untapped consumer market here and I suspect Google is in a good position to deliver. They have existing network architecture in place for their other business aspects, and they've got money to invest in such a venture going forward.
They same reason Amazon pays no taxes you don't understand accounting. You are spouting nonsense, just like the idiots were saying Sony had no money.
Amazon pays no federal income tax for 2018, despite soaring profits
https://www.usatoday.com/story/money/2019/02/15/amazon-pays-no-2018-federal-income-tax-report-says/2886639002/

This will explain why they are negative cash flow and why you are an idiot spouting nonsense. (you started it)
What we know for a fact is that free cash flow is deep in the red. Netflix expects to eventually become free cash flow positive as revenue grows and content spending slows down in the future. But it's not even in the ballpark today, and it may be many years before free cash flow and earnings converge. ]
https://www.fool.com/investing/2018/01/28/take-netflixs-earnings-with-a-grain-of-salt.aspx

Take Netflix's Earnings With a Grain of Salt
The streamer's fuzzy numbers make it difficult to tell how profitable it really is.

The GAAP earnings numbers that Netflix reports should be viewed as fuzzy and inexact.

You can't hide cash burn. If they were making money their cash flow would be positive and cash would be piling up. You are looking very foolish, kind of like the silly Sony has no money crowd last week. This is why their cash on hand went up a billion but debt almost $4b in 2018.
https://www.macrotrends.net/stocks/charts/NFLX/netflix/long-term-debt

Consider getting off the intertube, and off the video game console and go to school. Netflix burns cash as a business, about $1-3b a year in the red. There is a reason the bonds are junk bond range, duh. I have it (cash burn) under $3b for 2018.

Here is generally how you figure out cash burn rate, Netflix is fueling it with additional debt on the balance sheet, they added $3.87b of new debt to fuel the cash burn in 2018, of which $2.90b was actually used to fund the money losing business or burn. They added to cash reserves of $970m which is subtracted from the debt amount.
https://www.liveplan.com/blog/metrics-in-a-minute-cash-burn-rate/

The reason why they have to enter the junk bond market is their ability to pay it back is viewed negatively - which is why they have a negative credit rating. There is reasons to finance even if you have money but in Netflix case, the bonds are used to fund new content.... each subscription makes negative cash flow.
Netflix Is Selling $2 Billion of Junk Bonds to Fund New Shows
https://www.bloomberg.com/news/articles/2018-10-22/netflix-selling-2-billion-of-junk-bonds-to-fund-new-shows

Netflix's business isn't streaming movies, its burning cash business. You can't hide cash burn rate, cash in minus cash out.

They are also leaving off nearly $10b of other liabilities from the balance sheet.

https://www.zerohedge.com/news/2018-10-22/netflix-announces-2bn-junk-bond-offering-enough-fund-two-quarters-cash-burn


 
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ArchaeEnkidu

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Jan 30, 2018
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Here is hoping it fails, hard. Especially if rumors of it being a disk-less streaming console are true.
 

demigod

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They same reason Amazon pays no taxes you don't understand accounting. You are spouting nonsense, just like the idiots were saying Sony had no money.

https://www.usatoday.com/story/money/2019/02/15/amazon-pays-no-2018-federal-income-tax-report-says/2886639002/

This will explain why they are negative cash flow and why you are an idiot spouting nonsense. (you started it)

https://www.fool.com/investing/2018/01/28/take-netflixs-earnings-with-a-grain-of-salt.aspx




You can't hide cash burn. If they were making money their cash flow would be positive and cash would be piling up. You are looking very foolish, kind of like the silly Sony has no money crowd last week. This is why their cash on hand went up a billion but debt almost $4b in 2018.
https://www.macrotrends.net/stocks/charts/NFLX/netflix/long-term-debt

Consider getting off the intertube, and off the video game console and go to school. Netflix burns cash as a business, about $1-3b a year in the red. There is a reason the bonds are junk bond range, duh. I have it (cash burn) under $3b for 2018.

Here is generally how you figure out cash burn rate, Netflix is fueling it with additional debt on the balance sheet, they added $3.87b of new debt to fuel the cash burn in 2018, of which $2.90b was actually used to fund the money losing business or burn. They added to cash reserves of $970m which is subtracted from the debt amount.
https://www.liveplan.com/blog/metrics-in-a-minute-cash-burn-rate/

The reason why they have to enter the junk bond market is their ability to pay it back is viewed negatively - which is why they have a negative credit rating. There is reasons to finance even if you have money but in Netflix case, the bonds are used to fund new content.... each subscription makes negative cash flow.


https://www.bloomberg.com/news/articles/2018-10-22/netflix-selling-2-billion-of-junk-bonds-to-fund-new-shows

Netflix's business isn't streaming movies, its burning cash business. You can't hide cash burn rate, cash in minus cash out.

They are also leaving off nearly $10b of other liabilities from the balance sheet.

https://www.zerohedge.com/news/2018-10-22/netflix-announces-2bn-junk-bond-offering-enough-fund-two-quarters-cash-burn
I thought Netflix was making money by now. Why does wiki say they made a profit in 2018?
 

DanielsM

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Feb 11, 2019
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I thought Netflix was making money by now. Why does wiki say they made a profit in 2018?
https://www.quora.com/How-can-a-company-make-profit-but-still-be-cash-flow-negative

Profit and cash-flow are related financial measurements in accounting but they are not directly linked. Profit is a measure of an company's ongoing sustainability while cash-flow is a measure of the company's ability to pay its bills as they become due.
They are not directly linked. YOu can be profitable on a quarterly basis and still be burning cash. The thing is... its hard to hide negative cash flow (burn rate) over a long period of time. Cash in - cash out.

https://www.valuewalk.com/2015/12/how-can-a-company-make-profit-but-still-be-cash-flow-negative/

A profitable business can go bankrupt.
Cash Flow is the king for business owners, without which businesses can get caught in the situation and in spite of being profitable may end up going out of business.
https://imarticus.org/how-can-a-profitable-company-can-go-bankrupt/

FYI, I'm not an accountant, but I have taken quite a few accounting classes and I know how to read most components of a balance sheet, but it can be confusing for sure to people without taking accounting classes at all.

Tesla claims they are profitable yet I would be somewhat surprised if they make it another year without filing bankruptcy, not saying Netflix is filing or anything like that.
 
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Dantendo

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Apr 14, 2018
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That red letter S for the logo must be part of the Dreamcast spiral logo. Pretty clever!
I'm hoping the Streamcast has at least some hardware that hopefully we could do other things with it besides just having access to a Google server (like install retro emulators at least :)
 

Keylime

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Sep 10, 2018
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@DanielsM Am I in a Netflix financial assessment thread or a hype thread for a new Google console?

And for someone who posted a crapton of links in an effort to apparently seem authoritative on the subject, your arguments are so insanely frustrating to follow...not to mention you're talking down to people and calling them idiots for having a different read on the financial results.

You could very well be right in everything you're saying...but from a purely "moderation" lens, you're acting like an asshole and are wildly off topic. It isn't my job to determine who's right or wrong, but to keep the peace.

Targeting users and calling them idiots without any kind of prompting or justification while also posting about something completely off topic at this length is just silly.

No more. No more Netflix financial chat. No more calling people idiots because you don't like what they're saying.

The red swirl logo looks like that Bink video player that old Blizzard games used for their cinematics. Diablo 4 Exclusive for the Google Swirl™, confirmed!.
 

DanielsM

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Feb 11, 2019
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That red letter S for the logo must be part of the Dreamcast spiral logo. Pretty clever!
I'm hoping the Streamcast has at least some hardware that hopefully we could do other things with it besides just having access to a Google server (like install retro emulators at least :)
Maybe android games, but I'm suspect on that.
@DanielsM Am I in a Netflix financial assessment thread or a hype thread for a new Google console?

And for someone who posted a crapton of links in an effort to apparently seem authoritative on the subject, your arguments are so insanely frustrating to follow...not to mention you're talking down to people and calling them idiots for having a different read on the financial results.

You could very well be right in everything you're saying...but from a purely "moderation" lens, you're acting like an asshole and are wildly off topic. It isn't my job to determine who's right or wrong, but to keep the peace.

Targeting users and calling them idiots without any kind of prompting or justification while also posting about something completely off topic at this length is just silly.

No more. No more Netflix financial chat. No more calling people idiots because you don't like what they're saying.

The red swirl logo looks like that Bink video player that old Blizzard games used for their cinematics. Diablo 4 Exclusive for the Google Swirl™, confirmed!.
I believe he started it as I mentioned in my post. I only provide the info after people keep on talking about Netlfix this and that, he challenged me to information.

If providing correct information is being asshole, well, its better than people giving incorrect information I would think. (not my fault they double down)

I'll stop with the netflix chat of course, I only called him an idiot after his post in which he was saying I was writing "nonsense", he drew First Blood not me, but I apologize for your inconvenience on this regardless.
 
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Hendrick's

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I'm a Google fan, albeit not always a happy one, and am excited to see what they bring. I would definitely buy a Google console if offers something new.
 

Meowzers

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I'm slightly warming to game streaming but slightly concerned as to what happens during a game when your internet drops out for a few minutes. Does it automatically save itself?
I have good and reliable broadband, but every now and then it will go off for a minute or two.

Also with it being a streaming service does that mean games can potentially rival PS5 or Xbox 2 in terms of performance as there's no actual hardware on our side?