The current data completely aligns with my own viewing habits. While my Netflix subscription essentially sits unused, I find myself streaming videos on YouTube on a daily basis.

From a business perspective, the financial contrast between the two platforms is quite striking. YouTube benefits from incredibly low expenses when it comes to content production. Conversely, Netflix currently carries $14B in debt, which was specifically utilized to build up its extensive media library.

Could this situation ultimately serve as another textbook example of a mismatch between assets and liabilities? We will just have to wait for the future to reveal the answer.