Pandemic pushes Netflix, has 203 million subscribers

Netflix flies to the start of Wall Street after the quarterly report which showed an increase beyond the expectations of subscribers.

Netflix stocks are up 12.83% pushing the Nasdaq to a new record.

The pandemic has forced billions of people into their homes and pushed Netflix.

The streaming TV giant closes the fourth quarter with 8.51 million more subscribers, archiving 2020 above 200 million subscriptions, 203.7 to be exact.

The leap above expectations gives Netflix titles wings on Wall Street, where they earn more than 10.4%.

Netflix in the last three months of last year saw its revenues rise to $ 6.64 billion from $ 5.45 billion in the same period last year.

However, profit fell to 542 million, or $ 1.19 per share, from 587 million in the fourth quarter of 2019. In the whole of 2020 Netflix saw its users increase by 37 million units.

"We are increasingly becoming a global company with 83% of new subscribers in 2020 coming from outside the region" United States and Canada, Netflix says in a statement, expecting to add 6 million subscribers for the first quarter of 2021. , down from 15.8 million in the first quarter of 2020, that of the initial impact of Covid.

Netflix predicts that it will no longer need to raise funds through debt issuance to finance daily operations: the streaming TV giant anticipates cash flow at break-even, but intends to keep $ 10-15 billion of debt.

Netflix does not rule out a buyback plan to distribute funds to its shareholders.