Netflix Subscriber Base Swells To Over 200 Mn But Disney+ Is Hot On Its Heels
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India, Jan. 20 -- Streaming giant Netflix has added over 8.5 Mn subscribers in the past quarter ended December, to take its tally of subscribers to 203 Mn, the company's quarterly earning update showed. Notably, the platform's paid membership has increased by 23% in the final quarter of 2020, compared to the same period in 2019.
Of the 8.5 Mn net additions to paid subscribers, 1.99 Mn were from the APAC region (Asia Pacific), 1.21 Mn from LATAM (Latin America), 4.46 Mn from EMEA (Europe, Middle East and Africa), and 0.86 Mn from UCAN (The US and Canada).
Meanwhile, the company's profit dipped to $542 Mn, compared to $587 Mn in the same period in 2019. Nevertheless, its overall revenue surged 21.5% to $6.6 Bn in the quarter. For the full...
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