Netflix reports largest ever subscriber net adds in India in Q3
Netflix announced record net subscriber additions in India for the third quarter, the biggest ever for the market. The company also said total viewing time in the country rose about 24% year‑on‑year, while average viewing per member grew modestly in the prior quarter.
The surge pushes Indian revenue up roughly 18% on a comparable‑currency basis, signalling that the streaming giant’s local content push and pricing strategy are resonating with viewers. For investors, stronger performance in India helps offset slower growth elsewhere and adds a new growth engine to Netflix’s global outlook.
Going forward, market participants will watch how Netflix sustains subscriber momentum, whether it expands its Indian original slate, and how pricing or regulatory changes could affect future earnings.
Excerpt from BusinessLine
Netflix reported the largest quarter ever of paid net additions in India for the third quarter, combined with the company’s first transaction-based loyalty bundle with Flipkart. View hours in India grew 24 per cent annually, while view hours per member grew low-to-mid single digits in the quarter. Further, the India…Read the original at BusinessLine
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- Category: Company.
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