This is the first time that Netflix has reached<br />200 million subscribers since its inception in 1997.<br />The milestone is thanks to the 8.5 million subscribers who signed up for the service in the fourth quarter of 2020.<br />According to CNN, Netflix attracted 37 million total paid subscribers in 2020, a 31 percent jump from 2019.<br />The platform earned $6.64 billion in<br />revenue and $542.2 million in profits between October and December of 2020.<br />It achieved a positive cash flow of $1.9 billion in 2020, a major achievement considering it posted a negative cash flow of $3.3 billion in 2019.<br />Netflix is reportedly exploring a<br />stock buyback program that would allow<br />cash to be returned to its investors.<br />The company’s stock increased as much as 12 percent following the announcement of its fourth quarter earnings.<br />"We're enormously grateful that in these uniquely challenging times we've been able to provide our members around the world with a source of escape, connection and joy while continuing to build our business."Netflix, via Complex.