It’s been revealed that Netflix has now officially passed 200 million subscribers, which means it’s the streaming service with the most subscribers in the world. This news was revealed by Netflix themselves (via ComicBook.com).
Netflix officially revealed that they’ve added an additional 8.5 million paid subscribers to their streaming service in the fourth quarter which ended up pushing them over the 200 million mark. Most of these subscribers are located in the United States and Canada with 73.94 million paid memberships as of the end of 2020.
This is a lot of people to have subscribed to their streaming service, but Netflix is having a few issues as far as money’s concerned. They’re still in the red, and hopefully, they’ll end up being in the black at some point in the not-s0-distant future.
Netflix now has over 200M subscribers, which is insane
Here’s what Netflix had to say about this in a recent statement:
2020 was an incredibly difficult year with extraordinary loss for so many families, new restrictions that none of us have ever had to live with before and great uncertainty,” the company wrote in its letter to shareholders. “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. With 8.5m paid net additions in Q4, we crossed the 200m paid memberships mark. For the full year, we added a record 37m paid memberships, achieved $25 billion in annual revenue (+24% year over year) and grew operating profit 76% to $4.6 billion.
What do you make of this news? Are you one of Netflix’s 200 million subscribers? Let us know your thoughts in the comments below.
What do you make of this story? Let us know in the comments below or on our Facebook, Twitter or Instagram pages! And if you enjoy listening to film podcasts, why not check out our podcasts, Small Screen Stories and Small Screen Film Club wherever you get your podcasts!