Netflix (NASDAQ: NFLX) made a very important announcement in its fourth quarter letter to shareholders. CFO Spence Neumann expects the company to produce breakeven free cash flow for the year, and that number ought to climb well into positive territory in 2022 and beyond. The company will pay down existing debt to a manageable level and then plans to return excess cash to shareholders through a share buyback.
On an unusual day in the markets, Disney shares tumbled. Here's what investors should keep in mind.
Despite sky-high expectations, Netflix (NASDAQ: NFLX) still managed to shock Wall Street with its latest earnings report. While the streamer dominated global TV show rankings in 2020, it had fewer breakouts in the film business.