DodoFinance Breaking News Made For You!
Netflix did a presentation last night with its quarterly numbers. In doing so, the company revealed that it had more than 200 million paying subscribers for the first time. Netflix has also praised the success of Disney +.
Turns out Netflix gained 8.5 million paid subscribers in the last quarter. Most come from the United States and Canada, where they have 73.94 million paying subscribers. But growth is limited: only 900,000 people were added in the last quarter.
Other areas of growth
Netflix has mainly seen growth in Europe, the Middle East and Africa. There were 4.5 million paying subscribers, bringing the total number in those three regions to 66.7 million.
Netflix’s annual revenue is $ 20 billion. The benefit for the company is that it no longer thinks it needs to take out loans for its day-to-day operations, which should leave debt of between $ 8 billion and $ 12 billion.
Netflix expects it to see even more growth. In the next quarter, the company plans to grow from 203 million paying subscribers to 209 million. This makes it by far the biggest streaming service in the world. Amazon Prime Video is the closest with 150 million subscribers, but China’s Tencent Video (which serves the Middle East and other countries in East Asia) also has many with 120 million.
Cultivate Disney +
Netflix founder and co-CEO Reed Hastings also commented on the success of Disney + during the presentation. This managed to attract nearly 75 million subscribers in one year.
“It’s really impressive what Disney has done,” Hastings said. “It’s an incredible achievement from such an established party to make this happen. And it shows that subscribers are interested and willing to pay more for more content because they aspire to great stories. a lot of that in his offering. “
