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Netflix said last night that its global subscriber numbers crossed 200 million at the end of 2020 and projected it will no longer need to borrow billions of dollars to finance its broad slate of TV shows and movies.
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A roundup of some of the North American equities making moves in both directions today
Netflix topped on Tuesday subscriber growth expectations in the past quarter, keeping ahead of new streaming rivals competing for viewers stuck in their homes during the coronavirus pandemic. The streaming television leader added some 8.5 million paid subscribers in the past quarter to reach 203 million, topping 200 million despite recent price hikes, its quarterly earning update showed.
Netflix added a record number of new subscribers in 2020, helped by a surge in home viewing.
Netflix capped off a year of impressive streaming growth by adding 8.5 million net new paying subscribers during the fourth quarter. That means the streaming giant now has a total of 204 million paying subscribers worldwide — net growth of 37 million new subscribers for the full year, up from 28 million net additions in […]