Netflix Beats Q4 Subscriber And Revenue Forecasts, Sees Cash-Rich Future

deadline.com:

Netflix beat forecasts for subscriber growth and total revenue in the fourth quarter, adding 8.5 million subscribers to reach a global total of 203.7 million.It had projected adding 6 million total subscribers in the fourth quarter.

Revenue hit $6.6 billion, just a shade ahead of expectations. Earnings per share fell short of expectations at $1.19 a share.The streaming leader also said it expects to be cash-flow positive in every year beyond 2021 and expects this year to be break-even.

If that comes to pass, it will mean less dependence on the debt market, which has raised concerns from some on Wall Street despite the company’s weed-like growth.In the third quarter, it had signed up just 2.2 million subscribers, a sharp drop from the boom