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.
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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.
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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.
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