![The Wall Street Journal (WSJ) reported on the 19th (local time) that the number of subscribers to Netflix, an American online video service (OTT) company, exceeded 200 million last year. Netflix announced today that the number of subscribers as of the end of last year was 23.7 million, an increase of 8.5 million during the fourth quarter alone. [사진=연합 제공]](https://i0.wp.com/news.google.com/news/photo/202101/67109_39320_4121.jpg?w=560&ssl=1)
[오늘경제 = 한송희 기자] The corona era has dramatically changed the lives of the public.
As the period of natural stay at home, such as working from home and social distancing, is prolonged, demand for non-face-to-face leisure activities such as movies and dramas has increased.
Especially, online video service is beyond imagination. And Netflix is at the forefront of the popularity of these services. YouTube, Naver TV, and Kakao TV are neutralizing.
Netflix, which started as a service that delivers videos and DVDs by mail and courier in 1997, has been moving forward with Internet streaming dreams of becoming a’giant dinosaur’ since 2007. And in 2020. Netflix’s market share is 40%, ranking first.
Of course, there is some analysis that the growth of subscribers is slowing, and Disney, which has content competitiveness, has entered the OTT market one after another, and the red light has been turned on in the heyday of Netflix. It is an atmosphere that focuses on the optimism that it will continue to grow by increasing it.
The Wall Street Journal (WSJ) reported on the 19th (local time) that the number of subscribers to Netflix, an American online video service (OTT) company, exceeded 200 million last year. Netflix announced today that the number of subscribers as of the end of last year was 23.7 million, an increase of 8.5 million during 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 the increased demand for streaming services as people spend more time at home in the aftermath of the novel coronavirus infection (Corona 19).
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. In addition, 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 sales were $6.64 billion, up from the same period last year ($5.45 billion).
However, net profit was $52 million, down from the fourth quarter of last year ($587 million).
In announcing its operating results on the day, Netflix announced that it will consider buying back shares this year based on cash flow.
Accordingly, Netflix’s stock price surged 12% in after-hours trading after the market close.
Today’s economy
Copyright © Today Economic Daily Reproduction and redistribution are prohibited.