3 Must-See Numbers from Netflix's Earnings Report
Netflix (NASDAQ: NFLX) delighted investors once again with its latest report.
The streaming stock soared Wednesday after the company topped estimates on both subscriber growth and revenue, and as it forecast a strong 2021. Netflix added 8.5 million new subscribers in the quarter, well ahead of the company's guidance at 6 million, but perhaps most importantly, it told investors that it was done taking on new debt, signaling that it could now self-fund its growth. That was a sharp departure from years of multi-billion-dollar free cash flow losses and the accompanying chorus of naysayers on Wall Street.
In the end, Netflix emerged on top as the stock hit yet another all-time high. Since its 2002 IPO, the stock has returned 40% annually, making it one of the best-performing stocks of the last 20 years.
Source Fool.com
