What happened and whyNetflix shares soared a hefty 18% and toppled $590 a share for the first time, after investors were swayed enough by Bridgerton’s charm, to pour more money into the content platform, propelling it to new highs in the process. The stay-at-home winner… Netflix has become a reliable source of entertainment during the pandemic. So it comes as no surprise that their numbers have skyrocketed...200-million+ subscribers: With paying subscribers now doubling since 2017.All hail the crown: 100 million households have once again been submerged into the lives of the British Royal family.Streaming war bulldozing growth... Apple+, Disney+, Amazon Prime Video, HBO Max and other content platforms have been fighting for viewers’ attention, fuelling the growth of the video streaming industry. Adding to the cost of customer acquisition but Netflix remains the 'go-to' streamer for consumers.Most significantly... Netflix also shared that it banks on becoming cash flow positive by 2021. Meaning they’re expecting more cash coming in than out for the next quarter. Finally.The takeawayGiving back… Being cash flow positive means that the company is set to start returning cash to shareholders, though either stock buybacks - which they’ve mentioned to be considering - or dividends. 2021 is looking like a milestone year for the video streaming giant.
