Photo: Ronen Mendzicki, Gadgeti
Netflix has released its financial results for the quarter that seals the year 2020 and reports for the first time over 200 million paying subscribers to the service. The company ends the quarter with 21.5% increases in revenues and more than doubled operating profit, with an annual increase in the number of subscribers growing by 37 million in 2020 and operating profit increased by 76% year-on-year. Following the publication of the reports, the Netflix share in late trading on the Nasdaq Stock Exchange rose by about 12%.
The number of Netflix paying subscribers increased significantly during 2020, with the main cause being the first outbreak of the corona plague, which led to closures in many countries around the world. Following the closures, which left many people at home, Netflix, as well as other companies behind content services in streaming, saw a significant increase around March-May 2020, when during the year as a whole the company recorded an increase of 37 million subscribers and in the fourth quarter alone an increase of 8.5 million .
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Change in Netflix’s Paying Subscribers in 2020 (Photo: Netflix)
Netflix’s revenue in the fourth quarter of this year totaled about $ 6.64 billion, an increase of 21.5% year-over-year, while operating profit was about $ 954.2 million, and more than doubled from a figure of about $ 458.5 million in the fourth quarter of 2019.
In annual terms, Netflix recorded an increase of about 24% year-on-year, with revenue of about $ 25 billion in 2020, compared to about 20.1 billion in 2019. Operating profit grew by 76% for the full year, with a figure of about $ 4.6 billion compared to about $ 2.6 billion in 2019.
The most watched series and movies on Netflix in the fourth quarter
As it does on a quarterly basis, Netflix has released viewing figures for its top series and movies.
The list is led by the series “Crown“(The Crown), whose fourth and most controversial season, which also led to reactions from the English royal family, brought the number of viewers to the series to over 100 million. The company does not reveal the specific viewing figures for the fourth season of the series, but with such a large number of viewers “About half of the current Netflix subscribers. Another series that Netflix claims has won a high amount of interest is”Bridgerton“(Bridgerton), the first original series on Netflix by Shonda Reims, but here too a figure has not yet been revealed and Netflix promises to tell more on the subject later this week.
The German series “Barbarians“(Barbarians) recorded 37 million views, and was joined by other international series, including the horror series”like at home“(Sweet Home) Korean with 22 Million Views,”Selena: The series“(Selena: The Series) with 25 million views,”Borderland“(Alice in Borderland) with 18 million views and the new crime series”Lupine“(Lupine), Netflix has more than 70 million viewers.
the film “Midnight sky“(The Midnight Sky) starring and directed by George Clooney recorded about 72 million views in the first 28 days of his service, with not far behind him are two Christmas movies -“Holiday“(Holidate) starring Emma Roberts (” The Scream Kingdom, “” American Horror Story “) with 68 million views and”Save Christmas 2“(Christmas Chronicles: Part Two) starring Kurt Russell, with 61 million views.
The children’s film “Heroes is us“We Can Be Heroes” by director Robert Rodriguez (“Elite”, “Sin City”, “Planet Terror” and of course “Spy Kids”) recorded 53 million views in the first 28 days, and a sequel has already been approved by Netflix, as a movie The animation “Above and beyond the moon“(Over The Moon) recorded 43 million views.
New content to hit Netflix in the first quarter of 2021
Netflix is also adding details on a number of new content that will hit the streaming service during the current quarter (January-March 2021), with the launch of the third season of “Cobra Kai” and the “Lufen” series promising the company to end the “For All the Boys I Loved” movie trilogy. The drama series “Fate: The Winx saga x“(Coming up this coming Friday, 22.1), Spanish suspense series”Sky Rojo“(Rises on March 19) from the creators of” The Paper House “and the Korean MDA series”victory“(Space Sweepers), which goes up for service on 5.2.
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