Netflix crosses 200 million subscribers and makes more money






 The streaming giant, Netflix, is doing so well that it says it no longer has to borrow to produce content.

Everything is going smoothly for Netflix. The streaming platform, which published its results for the fourth quarter of 2020 on Tuesday, January 19, unveiled figures once again up sharply. The Californian company has also crossed a historic milestone since it had a total of 203.69 million paying subscribers as of December 31.


 read also: Apple to produce Ridley Scott's Napoleon biopic



All signals (or almost) are green

Netflix continues to perform like a charm, after a year when most of its flagship indicators have reached record highs. First, with regard to the number of subscribers. In this year 2020 alone, the Los Gatos firm has identified 37 million additional paying subscribers, including 8.5 million in the fourth quarter, to exceed the 200 million mark in total for the first time in its history.

North America (73.97 million subscribers in total, or 6.3 million more in one year) is still ahead of the EMEA zone made up of Europe, the Middle East and Africa (66, 70 million) in number of subscribers. But the latter saw its number of paying users jump by 14.9 million between the end of 2019 and the end of 2020.

All of this mechanically produced increased revenue for Netflix. Reed Hastings' company revenue hit $ 25 billion in 2020, a record 24% year-on-year growth. All thanks to an excellent fourth quarter, also a record ($ 6.64 billion). Its operating profit exploded 76% to 4.6 billion dollars over the year. Only the net profit (from 587 to 542.2 million dollars) is down slightly.



Netflix is ​​no longer required to borrow

If they are all very complimentary, these figures do not match the major event experienced by the company in recent weeks. On the sidelines of its financial report, Netflix has indeed announced that it is no longer obliged to borrow or raise funds in another way to invest. What does that mean ?

We know that SVoD's service debt amounts to between 10 and 15 billion dollars, a debt contracted since the beginning of the 2010s. The American company therefore has complete control over it. What to maintain his ambition at the highest.

A few days ago, Netflix announced the publication of at least one new film each week throughout the year 2021. In total: the platform plans to put around 70 films online this year, with real Hollywood stars , among which Leonardo DiCaprio, Meryl Streep, Zendaya, Dwayne Johnson, Idris Elba or Sandra Bullock.


 read also: The Lord of the Rings: the official synopsis of the Amazon series is out


What do we think of dodsee?

Netflix made more money and more subscribers in 2020 than any other year. Despite the arrival of Disney +, HBO Max (in the United States) and the development of Prime Video, the world's leading streaming platform still holds its own against the competition. The health crisis succeeds him, and the firm is deployed all over the world. With a mastered catalog, sustained resources and partnerships in a number of countries, Netflix should spend 2021 warm.

Post a Comment

Previous Post Next Post