Netflix Shares Are On The Rise

Netflix shares are on the rise. The shares of Netflix, the online content provider, soared after the number of users exceeded 200 million. Online content provider Netflix Inc. has experienced the fastest year in the history of the company with the number of new subscribers exceeding expectations thanks to the measures taken to combat the coronavirus epidemic. Popular series The Queen's Gambit and Bidgerton brought 8.51 million new users to Netflix in the last quarter of 2020. While this number exceeded Netflix's own estimate and the Wall Street analyst's average estimate of 6.06 million, the company's shares rose 13 percent in futures. Thus, the company passed the first threshold of 200 million subscribers. In addition, Netflix's cash flow has also strengthened. With $ 8.2 billion in cash and unused credit lines, Netflix reported that it does not need external financing for growth. Netflix reported that the share buyback program, which has not been done in the last 10 years, is also under evaluation. Although Netflix has announced profits in recent years, it has borrowed billions of dollars for spending on new programs. In 2019, Netflix had a former $ 3.3 billion cash flow position. Netflix expects a position close to equivalent cash flow in 2021.