Bonkers 2020 sends Netflix graphs into meltdown

Q2 2020 was a triumph for Netflix on many levels, none more significant than the company’s net income which spiked 165.7% to $720 million for the quarter. Before long, perhaps as early as Q1 2021, Netflix could be registering its first $1 billion+ net income quarter – an achievement that would return the naysayers deep into the woodwork and prove Netflix’s worth as a financial TV superpower, not just a content one. This came from revenue of $6.15 billion, up 25% to mark a new personal best for Netflix. Operating margin was up to an impressive 22.1%, from 14.3% the previous year, while net income to revenue reached a margin of 11.7% in Q2, more than doubling from the 5.5%…