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Netflix cracks 200million subscriber threshold

by RXTV-newsdesk
Netflix and remote control

Netflix has continued to benefit from lockdowns around the world, with subscriber numbers jumping by 30% year-on-year.

The company now has 200 million subscribers, and reported a $6.6 billion increase in revenue for the last quarter. This has been supported by recent price rises in a number of countries. In the UK, the maximum tier subscription now costs £13.99 a month.

Europe accounted for most of Netflix’s recent subscriber number increases, amidst lengthy lockdowns and stay-at-home orders in many countries. As a result, Netflix has said it hopes to pay off some of the debt it has amassed financing its global expansion.

[Netflix/stock market statements]

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