Netflix adds global subscribers, slower growth in US | The Malaysian Insight

Netflix adds global subscribers, slower growth in US

Netflix is expected to face tougher competition in the US market but is strong in many global markets, having bolstered its line-up of international shows. – AFP pic, January 22, 2020.

NETFLIX said yesterday it added millions of new subscribers globally over the past quarter as it ramped up for a tougher competitive landscape but scaled back its outlook for early 2020. The global streaming television giant largely beat expectations with a profit of US$587 million in the fourth quarter as revenue rose 31 percent from a year ago to US$5.5 billion.

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