Netflix said it would no longer need to raise external financing for daily operations and would even explore returning cash to shareholders. .
Netflix has been free cash flow positive for the past three quarters, though executives mostly credited that as an effect of postponed production during the pandemic.Free cash flow for Q4 was negative as predicted due to production restarts in some regions, but not as significant as expected. Free cash flow for full year 2020 was +$1.9 billion versus -$3.3 billion in 2019.
"Disney+ had a massive first year (87 million paid subscribers!) and we recorded the biggest year of paid membership growth in our history," executives wrote."The Midnight Sky," starring and directed by George Clooney, was the biggest original film of the quarter, Netflix said, with 72 million member households watching in the first four weeks.