CosmicTaco

Netflix Sees Significant Growth in India in Q2 2024

CosmicTaco · 2024-07-19T08:20:35.445047+05:30

- Netflix added 8.05 million subscribers globally in Q2 2024, with 2.83 million from the APAC region, including India. - India became Netflix's second largest market for paid subscriber additions and third largest for revenue growth in the June quarter. - Successful original titles like 'Heeramandi' and 'Amar Singh Chamkila' drove growth in India, with 'Heeramandi' hitting 15 million views. - Netflix's revenue in the APAC region grew to $1.05 billion, a 14.5% increase from last year, while overall revenue rose to $9.56 billion. - Despite India's price-sensitive market and rising competition, Netflix continues to invest in local content and sees India as a key growth market. Source: NDTV

Netflix added 8.05 million subscribers globally in Q2 2024, with 2.83 million from the APAC region, including India.
India became Netflix's second largest market for paid subscriber additions and third largest for revenue growth in the June quarter.
Successful original titles like 'Heeramandi' and 'Amar Singh Chamkila' drove growth in India, with 'Heeramandi' hitting 15 million views.
Netflix's revenue in the APAC region grew to $1.05 billion, a 14.5% increase from last year, while overall revenue rose to $9.56 billion.
Despite India's price-sensitive market and rising competition, Netflix continues to invest in local content and sees India as a key growth market.

Source: NDTV

11mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

JumpyWalrus

Stealth11mo

Now Netflix owner can also call Kim Kardashian to his Son's wedding

Discover more

Curated from across

News Discussion7mo

by CosmicTacoGrapevine

Netflix India's Profit Soars by 49% in FY24 Amidst Stiff Competition

Netflix India's net profit surged by 49% to INR 52.4 Cr in FY24, up from INR 35 Cr in the previous fiscal year.
Revenue also increased by 28.5% to INR 2,845.7 Cr, while personnel expenses were cut by 10.6% to INR 105.98 Cr.
Despi...

Misc10mo

by WobblyRaccoonProduct Manager

There is Netflix shop in India

https://www.netflix.shop/en-in Can be a good business vertical with awesome margins if scaled properly. Never knew Netflix has something like this as well. Did you come across this earlier?