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Netflix hits record after subscribers leap past 200 million
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FILE - This Aug. 13, 2020, file photo shows a logo for Netflix on a remote control in Portland, Ore. Netflix’s video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic. The subscriber milestone highlighted Netflix’s fourth-quarter results released Tuesday, Jan. 19, 2021. (AP Photo/Jenny Kane, File)
(AP)
. Updated: 20 Jan 2021, 09:16 PM IST Bloomberg
Netflix Inc. ended its biggest year in company history with a bang, powering its stock to a record high after adding more customers than expected and saying it no longer needs to borrow money to build its entertainment empire