Netflix earns 48% more in 2020 and exceeds 200 million subscribers

Netflix obtained a net profit of 2,761.4 million dollars (2,272 million euros) in 2020, which represents an improvement of 47.9% compared to the result recorded a year earlier by the US company for the distribution of movies and series’ online ‘, which increased its number of subscribers by 36.5 million in the year of the pandemic, reaching 203.6 million subscribers.

However, in the last quarter of 2020, Netflix’s profit fell by 7.6% year-on-year, to 542.15 million dollars (446 million euros), which represents a decrease of 31% compared to its result of the three months immediately preceding.

Between October and December, Netflix increased its subscriber base worldwide by 8.5 million, with particularly strong momentum in Europe, the Middle East and Africa (EMEA), where it already has 66.7 million paying users, compared to 73.9 million in North America, 37.5 million in Latin America and 25.5 million in Asia Pacific.

The Los Gatos company’s revenues for the whole of 2020 increased by 24%, to 24,996 million dollars (20,566 million euros), including a growth of 21.5% in the turnover of the fourth quarter, up to 6,644.4 million dollars (5,467 million euros).

Looking to the first quarter of 2021, Netflix expects to increase its revenues by 23.6% year-on-year, to 7,129 million dollars (5,865 million euros), with a net profit of 1,355 million dollars (1,115 million euros), which it would be 91% more than a year earlier, and a net increase of 6 million in the number of subscribers, to 209.66 million.

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