Netflix Hits 203 Million Subscribers as Q4 Earnings Fall Short of Wall Street’s Estimates
Streamer’s stock price still jumps 7% after topping subscriber growth projectionsSean Burch | January 19, 2021 @ 1:10 PM
Last Updated: January 19, 2021 @ 1:49 PM
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Netflix has become the first streaming company to cross the 200 million subscriber mark after announcing on Tuesday it added 8.5 million subscribers during the fourth quarter of 2020. The company now has 203.65 million subscribers overall. At the same time, Netflix’s Q4 earnings fell short of Wall Street’s expectations — but investors don’t seem to be sweating it, with the company’s stock price shooting higher in after-hours trading.