Netflix Is Considering a Stock-Buyback Program
Not only did Netflix report better-than-expected revenue and subscribers, but it also said it's on pace to become sustainably cash flow positive in the near future. Indeed, management is so confident in this outcome that it's already considering putting some excess cash flow to use in a share-repurchase program. Netflix's fourth-quarter revenue rose 22% year over year to $6.64 billion, surpassing analysts' average estimate for revenue of $6.63 billion.
