Netlix crushed earnings


Netflix reported better than expected earnings yesterday and topped 200 million subsrcibers. Just in 2020 they added 37 million subsrcibers. The main reason was Covid 19 pandemic which imprison people at their homes and Netflix was the best solution for entartaiment, important thing is that subscribers stayed and they were able to add more depspite the competition from Disney, Amazon, HBO and Hulu. Strong side of Netflix are their own shows and movies such as The Crown or Narcos and they announced plans for 2021 which will see increase in their own production. So far Netflix shares were up 12% in premarket. (Flint, Wall Street Journal)

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