Netflix shares also soared to more than 12% in aftermarket trades. Profits declined to $542 million in the 4th quarter, contrasted with $587 million in the same period in 2019. However, the total revenue in the quarter increased by 21.5% to $6.6 billion.
In Pursuit of Growth, Netflix Crosses 200 Million Subscriber Mark
According to the earnings report, for the full year, Netflix managed to add a record 37 million paid memberships. In a letter to investors, Netflix said, According to the earnings report, while Netflix increased rates slightly in the United States late last year, therefore, the majority of its new subscribers were from outside North America. Netflix has invested immensely in original shows and movies to make strong grounds in the competitive streaming television market. According to Netflix, Check out? Netflix Latest Feature is Perfect for When You Don’t Know What You Want To Watch
