The number of paid subscribers of Netflix has crossed 20 crore in 2020. Netflix recently announced the increase in the number of viewers. The company released its fourth quarter results on Tuesday. In 2020, Netflix added 36 million new users and an annual revenue of two thousand five hundred million dollars.
The streaming giant says the ban on the Covid-19 epidemic has helped increase its audience. Compared to previous years, the average number of registered subscribers increased by 23 percent in the fourth quarter of last year.
The company has mentioned that since the beginning of 2017, the number of their paid customers has increased from 11 crore 10 lakh to 20 crore 40 lakh. The average revenue per customer has increased from 9.8 to. 11.02.
They added, "In this way, we have been able to increase our annual revenue by four to five billion dollars. In the last few years, the revenue has come down by one percent more than the guidelines of the organization."
Business Insider reports that Netflix received more than 7.5 million paid subscribers in the fourth quarter alone. Netflix reported 64 million in revenue in the fourth quarter.