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Netflix soars after subscriptions blow past 200 million - The Hindu BusinessLine

Netflix soars after subscriptions blow past 200 million January 20, 2021 × With $8.2 billion in cash and a credit line that hasn’t been drawn down Netflix said it no longer needs external financing Netflix Inc ended its biggest year in company history with a bang, adding more customers than expected and saying that it no longer needs to borrow money to build its entertainment empire. The world’s leading paid streaming service attracted 8.51 million new customers in the final three months of the year, helped by the popularity of hit shows such as Bridgerton and The Queen’s Gambit. That outpaced Netflix’s own forecast and the 6.06 million projected by Wall Street, and sent its shares up 13 per cent in late trading.

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Netflix keeps growing in pandemic, tops 200 million subscribers

Netflix keeps growing in pandemic, tops 200 million subscribers
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Netflix shares jump 13% after subscriptions surge past 200 million

More than 60% of the company s customers now live outside the US and Canada, and 83% of its new additions in 2020 came from abroad

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Pandemic gives Netflix a boost as it tops 200mn subscribers

Pandemic gives Netflix a boost as it tops 200mn subscribers Entertainment Wed, Jan 20, 2021 Netflix s cash flow was so strong that it will no longer borrow money to pay for operations The coronavirus pandemic gave streaming giant Netflix a major boost as it topped subscriber growth expectation during the past quarter, taking the lead amongst rival platforms. The streaming television leader added some 8.5 million paid subscribers in the quarter to reach 203 million, topping 200 million despite recent price hikes, its quarterly earning update showed. Covid-19 has accelerated that big shift from linear to streaming entertainment, Netflix chief financial officer Spencer Neumann said on an earnings call.

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Netflix hits record after subscribers leap past 200 million

Netflix hits record after subscribers leap past 200 million Premium 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

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