Netflix scores with StreamFest in India as global subscriber base crosses 200 million
We'll soon meet in your inbox. Please wait... The company’s operating profit grew 76% over the year ago to $4.6 billion in 2020 on the back of $25 billion in annual revenue, regulatory filings showed. StreamFest was one of Netflix’s attempts at ramping up its user base in India, a market it sees as crucial for future growth. While the company doesn't provide a country-wise breakup, the Asia-Pacific region was the second largest contributor to subscriber growth in the quarter ended December—accounting for 23.5% of the global paid additions during the quarter. Netflix has 25.5 million pa...
Source: indiatimes.com