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Netflix Grows To More Than 200 Million Subscribers


Netflix Acknowledges Lower Expected Gains for 2021
Last year, Netflix achieved $25 billion in annual revenue, as per their earnings report. The influx of users also pushed their profits up by 48 percent for the full year, and their stocks went up 10 percent in after-hours trading on Tuesday, reported Market Watch.
After the early-2020 surge in users and subscribers, Netflix shares simmer down in the second half of the year, going down more than five percent over the past three months.
Netflix acknowledged that their quarterly numbers on net subscriber gains are likely to go down in 2021, starting with the first quarter.
The company said it expects paid net adds of 6 million for the first quarter of 2021, compared to last year s 15.8 million, reported The Verge. ....

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