Business
Netflix shares spike after it climbs past 200m subscribers – Sydney Morning Herald
Netflix ended its biggest year in company history with a bang, with hit shows Queen’s Gambit and Bridgerton helping it pass the 200 million subscriber mark.
The latest report included two key milestones for Netflix: The company passed the 200 million-subscriber mark for the first time and said its cash flow will allow it to stop relying on debt to fuel its growth. With $US8.2 billion ($10.6 billion) in cash – and a credit line that hasn’t been drawn down – Netflix said it no longer needs external financing. It’s also considering stock buybacks, something it hasn’t done in about a decade.
Netflix’s growth has ebbed since pandemic lockdowns fuelled a…
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