Netflix is one of the most used online streaming service Platforms in India. Netflix crosses 2 million subscribers in India alone and has over 182 million subscribers Globally. Netflix has added 15.8 million subscribers in the first quarter of 2020 which is a growth of 22 percent (year-over-year), registering quarterly revenue of $5.77 billion.
Netflix crosses 2 Million Subscribers in India
In spite of a rapidly growing user-base in India, India is still not one of the top-ten markets for Netflix. While the US continues to remain the leader both in terms of subscribers and revenues, Brazil and the UK take the other two podium positions. Australia, Mexico, France, Canada, Germany, Argentina, and Spain are the other top revenue earners for the company. India comes in at number 16, after Japan, Netherlands, South Korea, New Zealand, and Sweden.
Netflix Global Market
At the end of 2019, Netflix had over 167 million subscribers globally, with total revenues of $20.1 billion. However, during Q1, 2020, due to the lockdown its subscriptions skyrocketed in March. By the end of April 2020, Netflix had almost 183 million subscribers globally. While the US and Canada account for 38% of the company’s total subscriber-base, EMEA (Europe, Middle East, and Africa) account for 32%. Latin America and the Asia Pacific account for 19% and 11%, respectively.
The report also predicts that Netflix might hit 200 million subscribers and earn $6 billion in quarterly revenues by the end of this month. Of course, the company will release its Q2 results in July, so it will be interesting to see if the actual numbers are in line with these projections.