Netflix surpasses 200 million subscribers, but has more competition than ever in 2021

Netflix added a total of 8.5 million paid net subscribers in Q4, bringing in a record breaking 37 million paid memberships in 2020. Netflix “achieved $25 billion in annual revenue,” according to the earnings report. Still, Netflix is warning that “we expect paid net adds of 6 million” in Q1 2021 compared to last year’s “15.8 million, which included the impact from the initial COVID-19 lockdowns.” Most importantly, however, Netflix executives are telling shareholders that “we no longer have a need to raise external financing for our day-to-day operations.” Or, more simply put, Netflix no longer needs to borrow substantial amounts of cash. – Julia Alexander, The Verge »