Netflix now has more than 200 million subscribers worldwide, after adding 8.5 million in the quarter. In the streaming war there is only one leader, for the moment, Netflix Inc on Tuesday surpassed the growth estimates for paid subscriptions for the fourth quarter, which ended on December 31, 2020.
The company surprised the Ivory-Coast Mobile Database world by reporting that it added 8.51 million subscribers in the quarter , above analyst estimates of 6.1 million, according to IBES data from Refinitiv. Immediately, its shares were up 6.8 percent in after-hours trading.
Another of his announcements may have helped boost Netflix shares, as the company said it is “very close to having positive free cash flow.”
The firm’s revenue increased to $ $ 6.64 billion, from 5.47 billion, during the quarter, also beating analyst estimates of a turnover of $ 6.63 billion.
Although it must be said that its net earnings fell to $ 542.2 million, or $ 1.19 per share; compared to earnings of $ 587 million, or $ 1.30 per share, for the same period last year.
“2020 was an incredibly difficult year with extraordinary losses for so many families, new restrictions that none of us had to live with before, and great uncertainty. We are enormously grateful that in these uniquely challenging times we have been able to provide our members around the world with a source of escape, connection and joy as we continue to build our business, ”the company said.
This leads to a much more impressive figure, it now has more than 200 million subscribers worldwide, after adding the 8.5 million.
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Netflix reported that throughout 2020, the company attracted 37 million new subscribers , a 31 percent increase from the previous year.
Its original content such as the series “Bridgerton” and “The Queen’s Gambit”, have managed to boost the platform and in what way. “Lady’s Gambit” , the series that had become the most successful series in the entire history of Netflix, as 62 million households chose to watch the popular content during the first 28 days of release, making it the limited series with the platform’s largest script to date.
Even Lupine would surpass this Brother Cell Phone List number and collectively they all helped the leader stay in her coveted role as other platforms enter the game. 2020 is an important year for streaming, with the launch of new services like NBCUniversal’s Peacock, Discovery Plus, and HBO Max .
Specifically Disney Plus represents a constant danger. According to forecasts eMarketer , it will take a couple more years for Disney Plus to cover a large part of the streaming business, to the point that its net income will even exceed 12 billion dollars in 2022 , Netflix is expected to follow in the lead with revenues close to $ 13 billion, but for very little.