The US online video service (OTT) company Netflix’s global subscribers exceeded 200 million last year, the Wall Street Journal (WSJ) reported on the 20th (Korean time).
Netflix announced that the number of subscribers as of the end of last year was 23.7 million, an increase of 8.5 million in the fourth quarter alone. As a result, Netflix subscribers exceeded 100 million in the third quarter of 2017, and then doubled again in three years.
The number of subscribers increased over the past year was 37 million, the highest ever. Netflix’s growth last year was also attributed to increased demand for streaming services as people spend more time at home in the aftermath of Corona 19, the journal evaluated.
In addition to Netflix, subscribers to rival OTT companies such as Walt Disney’s’Disney+’ and Warner Media’s’HBO Max’ also increased.
When looking at the number of Netflix subscription increases in the fourth quarter of last year, by region, North American subscribers such as the US and Canada reached 860,000, compared to 2 million in Asia. Also, South America increased by 1.2 million and Europe, Middle East and Africa increased by 4.5 million. As a result, Netflix’s fourth quarter revenue was $6.64 billion, up from the same period last year ($5.45 billion).
While Asia has emerged as the second largest region leading Netflix’s growth, Netflix cited the expansion of investment in Korean content as the background.
/yunhap news
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