Netflix halts escalating cash burn

Netflix attracted 8.51 million new customers in the final three months of 2020, passing the 200 million-subscriber mark and saying it no longer needs to borrow money to build its entertainment empire


Paid subscribers 		International 
U.S., Canada (millions) 	paid subscribers
   
$bn Revenues	-$bn Negative free cash flow*

$3.60bn	$4.40bn	$5.50bn	$6.78bn	   $8.83bn  $11.69bn 	$15.76bn  $20.16bn $24.99bn	
33.2	44.3	 57.4	  74.7	   93.8	    117.6	139.1	  167.1	   203.6
6.1 	10.9	 18.3	  30.0	   44.4	    62.8	74.5.     99.4	   129.7
27.1	33.4	 39.1	  44.7	   49.4	    54.8	64.6	  67.7     73.9
	-$0.02bn -$0.13bn -$0.92bn -$1.66bn -$2.02bn	-$3.02bn -$3.3bn.  +$1.9bn
2012 	2013 	 2014 	  2015 	   2016 	2017 	2018 	  2019 	   2020

*Financial performance calculated as operating cash flow minus capital expenditures

The Queen’s Gambit (above) was watched by 62 million member households in first 28 days on Netflix


Sources: Netflix, Bloomberg, Hollywood Reporter 
Picture: Netflix 
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