Netflix reports Q4 revenue of $6.64B vs. $6.63B est., up 21.5% YoY, and global streaming paid memberships of 203.7M, up 8.5M vs. 6.5M est.; stock up 12%+

- Netflix reported fourth quarter 2020 earnings Tuesday that beat analyst expectations on revenue and net subscriber additions but fell below EPS estimates.

CNBC 2021-01-20 Lauren Feiner

Discussion

@michellemanafy Michelle Manafy on x
In less than a decade, Netflix borrowed over $16 billion to feed its titanic appetite for content. The strategy prompted criticism that the company was unsustainable. However, Netflix has reached a financial milestone: It no longer needs to borrow money. https://www.nytimes.com/.…
@nytmedia @nytmedia on x
The company still has a ton of debt, but can now pay back those loans while maintaining its enormous content budget. https://www.nytimes.com/...
@mylesudland Myles Udland on x
Feels like a new tone from $NFLX: “In addition to titles with big viewership, we also aspire to have hits that become part of the cultural zeitgeist.” https://s22.q4cdn.com/...
@wsj @wsj on x
Netflix signed up what it said was a record 37 million subscribers in 2020 and had a total of 203.7 million users when the year ended—more than twice as many as it had a mere three years earlier https://www.wsj.com/...
@shiraovide Shira Ovide on x
I admit now that I was wrong about Netflix. I thought they would have to borrow money for a long time. Nope. https://twitter.com/...
@levynews Ari Levy on x
Based on after market trading, Netflix surpassed Intel to become the eighth most valuable US tech company. (Apple, Microsoft, Amazon, Google, Tesla, Facebook, Nvidia) https://www.cnbc.com/...
@cnbcnow @cnbcnow on x
MORE: Netflix says it will be cash flow neutral this year, cash-flow positive ever year after, and will consider buybacks https://www.cnbc.com/...
@loudmouthjulia Julia Alexander on x
Netflix had a record breaking 2020, helped by the pandemic, and a strong fourth quarter, helped by a number of big shows and films....and the pandemic. But Netflix executives are also providing guidance for next quarter — it won't be as high as 2020. https://www.theverge.com/...
@charliebilello Charlie Bilello on x
“Not only did 62m member households choose to watch The Queen's Gambit in its first 28 days (making this show our biggest limited series in Netflix history), but it ignited sales of chess sets and inspired the next generation of chess prodigies.” https://s22.q4cdn.com/...
@charliebilello Charlie Bilello on x
“Netflix series accounted for nine out of the 10 most searched shows globally in 2020, while our films represented two of the top 10.” https://s22.q4cdn.com/... https://twitter.com/...
@cartoonbrew @cartoonbrew on x
On today's earnings call, Netflix chairman/co-CEO Reed Hastings specifically said that beating Disney at animation is a long-term aim: “We're very fired up about catching them in family animation, maybe eventually passing them, we'll see. A long way to go just to catch them.” htt…
@videograndpa Chris Ostertag on x
I said years ago that linear TV wouldn't go away - it would just be supplanted by personalized VOD that looks like it. This is that. This is what the future of TV looks like. https://twitter.com/...

Chronicles

Netflix reports Q4 revenue of $6.64B vs. $6.63B est., up 21.5% YoY, and global streaming paid memberships of 203.7M, up 8.5M vs. 6.5M est.; stock up 12%+

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