Netflix tops 200 million paid subscribers globally
- World
- AFP
- Published Date: 02:00 | 20 January 2021
- Modified Date: 02:00 | 20 January 2021
Netflix on Tuesday reported that it topped 200 million paid subscribers globally in the recently ended quarter as annual revenues topped $25 billion for the streaming television giant..
Netflix shares jumped more than 10 percent in after-market trades to $553.50 after release of the report which showed better growth in subscribers than expected despite recently raising rates.
For the full year, Netflix added a record 37 million paid memberships, according to the earnings report.
"We're enormously grateful that in these uniquely challenging times we've been able to provide our members around the world with a source of escape, connection and joy while continuing to build our business," Netflix said in a letter to investors.