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]