Netflix Tops 200 Million Subscribers

Netflix tops 200 million subscribers
Netflix tops 200 million subscribers
Advertisement

The video streaming service Netflix Tops 200 Million Subscribers for the first time as its expanding line-up of TV series and Movies continues to captivate people stuck at home during the ongoing battle against the pandemic. The subscriber milestone highlighted Netflix‘s fourth-quarter results released Tuesday.

Advertisement

The service added another 8.5 million subscribers during the October-December period, capping Netflix’s biggest year since its inception as a DVD-by-mail service in 1997. Netflix ended the year with nearly 204 million worldwide subscribers.

The fourth-quarter gains easily topped the projections of the roughly 6 million additional subscribers projected by Netflix’s own management and Wall Street analysts, even as the company began rolling out price increases of 8% to 13% in the U.S. “Netflix continues to exceed expectations for subscriber growth and has executed extremely well during the pandemic,” Wedbush analyst Michael Pachter told investors in a report.

Advertisement
Avatar of Theprimetalks
Theprimetalks.com is a web media that provides the latest trending news updates of India around the world with a jet speed instantly.

Leave a reply

Please enter your comment!
Please enter your name here