Why Netflix Stock Jumped to an All-Time High Today

Shares of Netflix (NASDAQ: NFLX) were flying higher today after the company topped expectations in its fourth-quarter earnings report, and offered strong guidance for the year ahead. It also said it was done taking on debt, projecting break-even free cash flow for 2021, and putting to rest concerns about its cash burn, a favorite bugaboo of Netflix bears. Netflix added 8.5 million subscribers in the fourth quarter, much better than its forecast in October of 6 million, thanks to a strong content slate and the pandemic still gripping much of the world.