Wednesday, October 21, 2020

Netflix Closes in on 200 Million Members

Netflix forecast that its revenues will rise 20% year-on-year in the fourth quarter of 2020 to 6.57 billion U.S. dollars, following a rise of almost 23% in the third quarter. The rate of growth is markedly slower than a year earlier - revenues rose by over 30% in the second half of 2019.  Still, by the end of 2020, Netflix expects to be serving more than 200 million paying members. Source: Netflix statement

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