Netflix has passed the critical threshold for subscriber count

Continuing its way with a growth above expectations in 2020 due to the coronavirus epidemic that affected the world NetflixReached in the last quarter of 2020 number of subscribers with record managed to break. Popular content platform, turnover if 21.5 percent but saw a decrease in net profit.

Netflix breaks record with the number of subscribers, net profit declines

The statistics of the popular content platform Netflix for the last quarter of 2020 have been announced. As in the first three quarters of 2020, the platform continued to grow beyond the estimates in the last quarter of the year. Netflix in the last quarter the number of subscribers gained 8.5 million exceeded. Analysts expected 6.1 million subscribers.

Worldwide, Netflix number of subscribers in total 200 million leaving his band behind, he broke his own record. Compared to the same period of the previous year, the number of subscribers of the company 21.9 percent increase experienced and number of subscribers 203.66 million found. This increase in subscribers company turnover if 6.7 billion raised to dollars. However, Netflix’s net profit declined.

Net profit of the digital content platform that managed to increase the number of subscribers and turnover, 8 percent decreased and 542 million dollars happened. As a result of the company’s efforts only in the business branch operating profit but increased. Netflix operating profit, 108 percent rose and For 954 million dollars output.


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