Business
Netflix stuns with share buyback plans after stellar quarter – The Australian Financial Review
The streaming service boasts it can turn sustainably free cash-flow positive as it added 3 million new subscribers a month in pandemic-plagued 2020.
Chief financial officer Spencer Neumann said Netflix is not declaring it is through the pull-forward period yet, but that the conservative-looking guidance reflected the challenging times in trying to forecast the growth of the business given uncertainty surrounding the coronavirus.
Mr Neumann also reminded investors whatever the subscriber growth in the next quarter, there’s no doubt COVID-19 has accelerated the shift from linear to streaming entertainment with the long-term growth trajectory as…
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