We all have like to watch movies, and even if we got plenty of ways to watch movies online we stream it on o\Netflix only. However, your watching movies on Netflix has brought good news for the company because according to a recent report it’s been found that Netflix broke the record of earning most through mobile phones subscribers. Netflix which is an online movies streaming platform had been dominating online movies market from last few years, but in November 2018 the company has reportedly earned more than 86.6 million dollars in subscription fees through mobile subscribers. Netflix’s user base has been increased from last few months because of their popular web series, but no one had anticipated that Netflix would be managed to earn that much money from mobile subscribers.
The amount of revenue which Netflix earned in this year’s November month through its Mobile subscribers is higher than ever before. According to the last year’s report, Netflix managed to make only 47 million dollars during the whole year, but this November company broke all the previous records. Netflix has been trying their best to increase their subscribers base, and with their latest popular web series, the company is succeeding at it. As per the reports, the company’s second most profitable month was July because Netflix managed to earn more than 84 million dollars in July 2018 which shows the company’s strong growth performance. The main reason behind such increased numbers of revenue is that Netflix is now operating in more than 127 countries worldwide due to which the subscribers base has been globally increased.
Majority of the company’s revenue comes from the US-based subscribers, but since the company is trying to operate globally, that will reduce Netflix’s revenue in the US. But, it will not affect that much on the company’s overall revenue since Netflix is trying to spread their company ‘s business globally which will bring more subscribers and hence more revenue.
Paul is an American-based writer covering Latest business trends. Paul cover Business and media for many news sites. He has been breaking news and writing features on these topics for major publications since 2012. Paul prefers writing about business news keeping science and technology into perspective.