It breaks records and exceeds 200 million paid subscribers

Cinemas may be closed due to COVID-19, but Netflix subscription service sees the year grow to a record, as 2020 has managed to exceed 200 million on payment subscribers. In just one year, the service has seen its paid subscribers grow by 37 million.

Not only that, but the service also saw its profit increase, from $ 9.88 per user in 2018 to $ 11.2 per user in 2020. In fact, this rapid increase came in just 2 years, as 2018 Netflix closed with 111 million subscribers.

Along with the above, of course, Netflix saw a record in its profits, as it saw 25 billion in the coffers in 2020, an increase of 24% compared to 2019. Its operating profits increased by 76% and reached $ 4.6 billion.

The first lockdowns of COVID-19 led to 15.8 new paid subscribers, with the rise continuing throughout 2020. For the first quarter of 2021 Netflix estimates they will come $ 6 million extra earnings by new subscribers to the service.

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Source: Techblog by techblog.gr.

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