Netflix India posts Rs 466.70 crore as revenue for FY19

It has recorded a net profit of Rs 5.1 crore, as per media reports

e4m by exchange4media Staff
Updated: Nov 11, 2019 9:32 AM

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Netflix

Netflix India has posted over 700 per cent growth in 2018-19, as per media reports.

It has recorded Rs 466.70 crore as revenue for FY19 and a net profit of Rs 5.1 crore.

Early in October, exchange4media reported Netflix stating that it was pleased with the results of the lower-priced mobile plan rolled out in India. The company said: “Our approach with pricing is to grow revenue and so far, uptake and retention on our mobile plan in India have been better than our initial testing suggested.”

It was also reported how the Streaming giant plans to raise $2 billion in debt for original content as it prepares to take on competition from the likes of Disney and Apple.

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