Netflix Inc. ended last year with over 200 million subscribers, a milestone fueled by consumers left stuck at home by the pandemic, longing for entertainment, and increasing demand in international markets where the streaming service has a head start over the many rivals.The company stated that it is now able to generate more cash than it requires, and no longer expects having to borrow money to power its growth strategy. Netflix shares went up 12% in after-hours trading. Netflixâs ongoing subscriber growth comes amid heightened competition from new streaming services including Walt Disney Coâs Disney+, Apple Incâs Apple TV+, At&T Incâs HBO Max and Comcast Corpâs Peacock, all of which were not around a little over a year ago.The company got a jump from the coronavirus pandemic, which forced consumers to cut back on a host of leisure activities-from dining out and vacations to visiting theaters and concert venues-as economies locked down. With many people spending more time at home, streaming demand increased.
Netflix Reaches 200 Million Subscribers for the First Time
Published by
December 5, 2024
(GMT+2)
WHATÂ TOÂ READÂ NEXT
No items found.
STOCKÂ ANALYSIS
MARKETÂ OVERVIEW
SIMILARÂ NEWS
Ready to get started?
Start trading with the full package, from state of the art platform to free tool and favorable transaction fees.
All investments involve risks, including the possible loss of capital.
www.mexem.com is a website owned and operated by MEXEM Ltd. MEXEM Ltd is a European broker regulated by CySEC, license No. 325/17.
*Terms & Conditions for the France December offer 2024
Read our Forms & Disclosures.
Any advertisement or communication concerning the distribution of derivatives falling within the scope of the Regulation of the FSMA of 26 May 2016 governing the distribution of certain derivative financial instruments to retail clients is not addressed to the Belgian public.