Netflix's profits doubled to Rs 5434 crore in first quarter of 2020, 16 million new subscribers added in three months | Netflix's profits doubled to Rs 5434 crore in first quarter of 2020, 16 million new subscribers added in three months

Netflix's total subscribers are 18.2 million
7.5 million new subscribers expected to be added in the second quarter

Dainik Bhaskar

Apr 22, 2020, 02:44 PM IST

new Delhi. Coronavirus outbreaks have continued since December and people are forced to stay home due to a nationwide lockdown. People are using OTT platform fiercely to eradicate boredom. As a result, Netflix has grown its subscriber base significantly as earnings have grown. According to the report, in the first quarter of the year 2020, the number of subscribers of Netflix has increased by about 16 million. This was the time when the coronavirus epidemic had spread globally and people were forced to stay indoors in most countries of the world.

Earnings doubled as subscribers increased
Realty shows such as “Tiger King” and “Love is Blind” were the most watched on the Netflix platform in these three months. Netflix has a total of 182.8 million (18.2 million) subscribers, which is more than any entertainment service in the world. Of this, around 2.3 million subscribers are in the US and Canada. Netflix expects about 7.5 million new subscribers to join Netflix in the second quarter. Netflix's profits doubled to $ 709 million (Rs 5434 crore) in the first quarter of 2020 from $ 344 million in the last quarter of 2019. At the same time, the company's revenue increased by 28 percent to 5.7 billion.

New features added to Netflix
Video streaming platform Netflix has added a new features screen lock, which will protect Android phone users from accidental touch. Once the screen is locked, the screen will be unlocked. Earlier Netflix has added parent help, Guardian and Elder features. Also, TV shows and movie platforms for children have been started.

Consumers will give preference to OTT platform
Despite the Corona virus, according to Nielsen's report, about 64 percent of people would prefer to watch movies on OTT platforms such as Netflix and Amazon Prime, rather than watching movies in theaters. “I am watching a movie on the OTT platform these days and I feel more comfortable going to the cinema hall than watching a movie,” says Chrithi, a student of Delhi University. I will watch the movie through this medium also. '



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