Netflix is the most popular streaming platform in the world with the latest data showing over 200 million active subscribers, and yes Netflix is available in Kosovo too.
In their latest earnings report from Netflix, record data was presented to investors, with over 200 million global active subscribers, beating Wall Street Targets and setting a new annual growth record for 2020.
Compared to Walt Disney, which built a huge platform of subscribers, Netflix has a competitive advantage as it is available globally and the number of active subscribers brings in millions in dollars in revenue too. Cash flow for Netflix in Q4 2020 was at $138 million, translating into a positive $1.9 billion for the year. That result matches with management’s forecast from late October, but Netflix’s new outlook makes it clear that the business is on an improving financial trajectory.
Executives now believe they’ll hit break-even cash flow in 2021 to mark the company’s first year free from needing loans since it started its original content push. Cash flow should improve from there with help from that steadily expanding profitability and growing user base.
If you want to know more on how to have Netflix active in Kosovo, check out the linked article to this post.