Netflix Surpassed 200 Million Subscribers

Netflix credited its miniseries'The Queen's Gambit with helping draw viewers during the fourth quarter when it added a net 8.5 million subscribers

For the full year, Netflix added a record 37 million paid memberships, achieved $25 billion in annual revenue - over 24 per cent year over year - and grew operating profit 76 per cent to $4.6 billion. On Tuesday, the company said it expected free cash flow to break even in 2021, adding in a letter to shareholders, "We believe we no longer have a need to raise external financing for our day-to-day operations".

Netflix stock was up $84.57 to close at $586.34 on Monday.

Netflix expects the next quarter to grow from 203 million subscribers now to 209 million.

The world's largest streaming service had raised $15 billion through debt in less than a decade.

Meanwhile, the fourth season of the British royal family drama The Crown became the series' biggest season so far, with the number of households watching the series reaching over 100 million since its launch in 2016.

Netflix revealed yesterday that it has over 200 million paying first-time subscribers.

These are the first few smartphones to use Qualcomm’s Snapdragon 888
Qualcomm says the Kryo 680 is a net 25% quicker than the outgoing CPU on the Snapdragon 865 , which is a pretty impressive gain. In terms of camera performance, the Spectra ISP of Snapdragon 888 supports faster billion-pixel-level processing speeds.

Net income fell to $542.2 million, or $1.19 per share, from $587 million, or $1.30 per share, a year earlier.

For the quarter ended December 31, Netflix added more than 8.5 million subscribers on a net basis, a gain that surpassed its forecast for the period.

"Our strategy is simple: if we can continue to improve Netflix every day to better delight our members, we can be their first choice for streaming entertainment". "This past year is a testament to this approach", the company said in the earnings report.

An nameless reader quotes a report from Vox: [T] he story actually begins in 2008, when Netflix broke into streaming in a giant method, by a backdoor: It bought the digital streaming rights to films from Disney and Sony - that's, films you have heard of, like Pirates of the Caribbean - from Starz, the pay TV channel.

"This is in sharp contrast to Disney and many other new entrants into the streaming market who expect to lose money on streaming for the next few years", said eMarketer analyst Eric Haggstrom. It added 860,000 subscriptions in the USA and Canada in the period, but gained two million subscribers in Asia, more than 1.2 million in Latin America and 4.5 million in the region covering Europe, the Middle East and Africa.

Related News:



Most liked

Israel Bombs Syria, Four Civilians Reported Killed
In previous statements, Israel has described its Syria strikes as necessary to protect its northern front from Iran. Friday's strikes appeared to be the first such attacks since US President Joe Biden took office on Wednesday.

Apple is working on a new thinner and lighter MacBook Air
A few years ago, the company was criticized for not updating these computers enough and not paying attention to customer demands. Apple last updated the product in November with its own M1 Mac chip, replacing a processor from Intel Corp.

NBC Sports Network to shut down at end of 2021
The company memo detailed their plans to split up the NBC Sports Network's programming lineup at the end of 2021. It was best known for carrying the Tour de France until it acquired the National Hockey League in 2005.

$1B Mega Millions jackpot fast facts
The Mega Millions top prize had been growing since September 15, when a winning ticket was sold in Wisconsin. The Mega Millions jackpot has ballooned to a projected $970 million, the third largest in US history.

90Hz OLED screen production for Samsung Display laptop
Hopefully, the new displays will not bring the major drawbacks of this technology like high power consumption and burn-in issues. While quite a few gaming laptops offer these as an option, you will have to forego high refresh rates if you choose this one.

Netflix renews Bridgerton for season 2
The " Gossip Girl " conceit of " Bridgerton " is that a gossip columnist named Lady Whistledown is ratting out their randy trysts.

UK COVID variant could be slightly deadlier, early evidence shows
He said that for a man in his sixties, the average risk was that 10 in 1,000 people who got infected were expected to die . The UK is now under a lockdown in a bid to curb a surge in COVID-19 cases.

US Stock Market Weak Ahead of Opening Amid Profit-Taking, Stimulus Uncertainty
But the tech-rich Nasdaq Composite Index advanced 0.1 per cent to 13,543.06, finishing at a record for a third straight session. The NASDAQ Composite rose to another record on Thursday as investors bet on strong earnings from big tech companies next week.

Gov. Whitmer announces new MDHHS director after Robert Gordon abruptly resigns
Although most of those restrictions have since been relaxed, restaurants and bars still can not offer indoor dining. MDHHS closely monitors three metrics, and all have either stabilized or declined in the past few weeks.

Boris Johnson faces 'mother of all arguments' over Covid restrictions next month
Another 1,401 people were announced on Friday to have died within 28 days of testing positive, bringing the total to 95,981. Pubs, restaurants, entertainment venues and many shops are closed, and people are required to stay largely at home.

Russia Detains Ally Of Jailed Kremlin Foe Navalny Ahead Of Protest
Navalny was detained by Russian authorities on Sunday upon returning to his home country from Germany. Mr Navalny's allies told supporters not to be discouraged and show up on Saturday.

CDC reports rare allergic reactions to Moderna's Covid-19 vaccine
However, Pfizer and Germany's BioNTech said they would provide their vaccine to COVAX at an undisclosed "not-for-profit price". The Pfizer-BioNTech vaccine is the only one so far to have received emergency use approval from the WHO.

Comedian Dave Chappelle tests positive for coronavirus, cancels shows
A rep for the comedian tells us Dave is now quarantined after the positive test, but he has not yet experienced any symptoms. Grimes was embroiled in controversy, as she announced she also contracted the virus less than two weeks ago.

Sabrina Carpenter tells her side of the story in song 'Skin'
We are all really shook by the current ongoing drama between Sabrina Carpenter and Olivia Rodrigo over Joshua Bassett . Sabrina also sings, "And I'm not asking you to let it go, but you been tellin' your side, so I'll be telling mine".

Hollywood on the Potomac: A-list turns out for Biden-Harris
The "Born This Way" singer also made a statement with a golden dove brooch to send a message of peace and unity. Lady GaGa's bold red lipstick at President Joe Biden's Inauguration marked the vibrancy of the special day.