Netflix has produced some good movies in recent years. Your big budget talk applies much more to disney marvel money milking the same cows with the same movie variation over and over and consistently riding the remake agenda of all their classics (which I liked tbh).
Can you name a few? I can only think of three memorable ones; Annihilation (genuinely good film IMO), Bright (mediocre; decent worldbuilding but lacking) and Bird Box (mediocre, massive budget spent on promotion and hype).
I get big "direct-to-dvd" vibes with most other stuff they put on. And nobody talks about these films, which for me is a big indicator that it's not worth watching.
I'll admit Netflix spends a lot of money, but they spend it safely; they try to min/max their content, try to fit ever box / category.