Their current market cap is 443B with a P/E of 50, so already massively overpriced.

For comparison, Google P/E is 20, Amazon P/E is 32, Meta P/E is 21, Microsoft P/E is 30.

They would need to more than double their profits to get to 1Tn market cap with the same joke of a price to earnings ratio. At this point I doubt that will be by doubling their customer base. It’s going to be by cutting corners: paying less for shows which means lower quality shows, cutting bandwidth costs which means lower quality streams, and charging customers more for the pleasure. Classic enshittification incoming.