Netflix India FY23 revenue surges 24 per cent YoY to Rs 2,214 crore
11 months, 1 week ago

Netflix India FY23 revenue surges 24 per cent YoY to Rs 2,214 crore

India TV News  

Netflix's India arm, Netflix Entertainment Services India LLP, received a 24 per cent year-on-year growth in its FY23 revenue, reaching Rs 2,214 crore, as per regulatory filings with the Registrar of Companies. The net profit also witnessed a substantial increase, growing by 75 per cent compared to the previous year to Rs 35 crore. Los Gatos is responsible for Netflix’s content investments in India, and the firm's inventories, including licenced content and titles under development, grew by 25 per cent year-on-year in FY23, reaching a value of Rs 2,269 crore. During FY23, Netflix Entertainment Services spent Rs 125 crore on personnel services, marking a 30 per cent increase from the previous year.

India Services Netflix Crore Cent Los Gatos Revenue Growth Netflix Entertainment Services  yoy  crore  revenue  growth  netflix  yearonyear  surges  fy23  cent  rs  india  24  services

History of this topic

Corporate India saw 3.7 pc revenue growth in FY24: ICRA
6 months ago

Corporate India saw 3.7 pc revenue growth in FY24: ICRA

Deccan Chronicle  

Chennai: Corporate India reported 3.7 per cent revenue growth in FY24. The softening of input costs helped 17.4 per cent growth in earnings. This softening of input costs along with operating leverage benefits helped the companies see an expansion in operating profit margin by 92 bps to 17.2 per cent in Q4 FY2024. However, the OPM growth of 17.4 per …

Indian media and entertainment sector to cross ₹3 tn by 2026
9 months, 2 weeks ago

Indian media and entertainment sector to cross ₹3 tn by 2026

Live Mint  

The Indian media and entertainment sector that touched ₹2.3 trillion in 2023, is expected to grow at a compound annual growth rate of 10% to reach ₹3.08 trillion by 2026, according to the annual media and entertainment report by Ficci and consulting firm EY. On the other hand, new media grew the most, providing ₹12,200 crore of the total growth, …

Tax revenues of FY24 to be 17.2 pc more than last year
11 months, 3 weeks ago

Tax revenues of FY24 to be 17.2 pc more than last year

Deccan Chronicle  

Chennai: Tax revenues of FY24 is expected to be 5 per cent higher than the budget estimate and 17.2 per cent higher than last year’s revenues. India Ratings expects it to reach Rs 24.5 trillion in FY24, five per cent higher than the budgeted Rs 23.3 trillion. However, capital receipts are lagging and were Rs 229.9 billion during April-October 2023 …

Tax Revenues of FY24 to Be 17.2 pc More Than Last Year
11 months, 3 weeks ago

Tax Revenues of FY24 to Be 17.2 pc More Than Last Year

Deccan Chronicle  

Chennai: Tax revenues of FY24 is expected to be 5 per cent higher than the budget estimate and 17.2 per cent higher than last year’s revenues. India Ratings expects it to reach Rs 24.5 trillion in FY24, five per cent higher than the budgeted Rs 23.3 trillion. However, capital receipts are lagging and were Rs 229.9 billion during April-October 2023 …

Netflix UK sales grow as it gains more and higher-paying subscribers
1 year, 2 months ago

Netflix UK sales grow as it gains more and higher-paying subscribers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Netflix UK has revealed its …

Netflix revenue highlights limited impact of price cuts
1 year, 8 months ago

Netflix revenue highlights limited impact of price cuts

The Hindu  

In December 2021, Netflix cut its prices, with its mobile plan price set at ₹149 and its single-screen Basic plan slashed from ₹500 to ₹199. On a foreign exchange neutral basis, Netflix’s revenue growth in India stood at 19% in 2021, and after the price cut, increased to 24% in 2022, the company said in its quarterly letter to shareholders …

Netflix slashes subscription rates in 116 countries following success in India
1 year, 8 months ago

Netflix slashes subscription rates in 116 countries following success in India

ABP News  

Netflix is revising its subscription rate across 116 counties following similar price cuts in India helped the company to grow user engagement and accelerate its revenue. The company its first-quarter earnings for 2023 said that in India low priced subscriptions saw a 30 per cent growth in customer engagement and 24 per cent revenue growth year-on-year. The OTT giant in …

Twitter India reports Rs 32 crore loss in FY22
2 years, 1 month ago

Twitter India reports Rs 32 crore loss in FY22

Deccan Chronicle  

Chennai: The Indian subsidiary of US social media platform Twitter, which is embroiled in controversies over its sales of blue tick and employee lay-offs, has reported 82 per cent growth in revenues while slipping into losses in FY22. Twitter India's revenue from operations grew 81.5 per cent to Rs 156.75 crore during the financial year ended March 2022 from Rs …

Netflix Update: Streaming giant adds 11 lakh paid subscribers in Asia-Pacific- Know more
2 years, 5 months ago

Netflix Update: Streaming giant adds 11 lakh paid subscribers in Asia-Pacific- Know more

India TV News  

Netflix Update: Streaming giant Netflix added 1.1 million paid subscribers in the Asia-Pacific region in the second quarter this year. The Average Revenue per Membership was -2 per cent, due to the impact of "our price decrease in India last December as well as plan mix," Netflix told shareholders after declaring Q2 results. Netflix in December announced new and reduced …

Netflix next destination for India growth: Tollywood
2 years, 6 months ago

Netflix next destination for India growth: Tollywood

Live Mint  

In southern India, devoted fans worship film and TV stars like gods, erecting huge statues of actors which are bathed in milk as part of prayer rituals for a movie's success. The U.S. company has greenlighted at least six TV shows in southern Indian languages this year, aggressively chasing deals in Tollywood as the Telugu film and TV industry is …

Explained: Why Netflix is failing big time in India
2 years, 8 months ago

Explained: Why Netflix is failing big time in India

Firstpost  

In December 2021, Netflix lowered its subscription price for Indian subscribers across all plans, bringing its lowest plan at Rs 149 per month. In December 2021, the streaming giant lowered its subscription price across all plans, bringing its lowest plan at Rs 149 per month, but honestly, it is still not enough. Poor Desi content While Netflix has some great …

Netflix Saw Uptick In User Engagement in India, Despite Drop In Subscribers Globally
2 years, 8 months ago

Netflix Saw Uptick In User Engagement in India, Despite Drop In Subscribers Globally

News 18  

Content streaming platform Netflix, which reduced its subscription prices in India late last year, is witnessing an uptick in user engagement in the country, as it doubles down on creating more localised content. In a first quarter earnings call with analysts, Netflix said it has seen a nice growth in the country after it announced in December that its mobile-only …

Netflix subscription prices hiked but Indians should not worry
2 years, 8 months ago

Netflix subscription prices hiked but Indians should not worry

India Today  

Netflix has hiked its subscription prices following the announcement back in January. Netflix has increased the price by up to $20 in the US, causing the top-tier 4K plan to cost as much as $19.99 per month. According to The Verge, Netflix’s basic plan now costs $9.99 per month, up from $8.99, while the standard plan is now priced at …

Netflix cuts subscription rates in India, now available at Rs 149 per month
3 years ago

Netflix cuts subscription rates in India, now available at Rs 149 per month

India TV News  

Highlights Netflix India cuts prices across its streaming plans Standard plan will be charged at Rs 499 per month, while Premium will be available at Rs 649 a month Netflix has been a premium offering since its launch in India in 2016 Netflix India has slashed its subscription rates by up to 60 per cent to expand its user base …

Netflix Is Now Cheaper in India: All Prices And New Plans Explained
3 years ago

Netflix Is Now Cheaper in India: All Prices And New Plans Explained

News 18  

Streaming giant Netflix has slashed its subscription prices in India. The company has announced its new prices in the country that start at Rs 149 now, instead of Rs 199 per month earlier. The Rs 199 mobile plan is now Rs 149 per month with the new prices. Now, this is quite a significant price drop, and makes Netflix?s prices …

Netflix announces up to 60% price drop in India
3 years ago

Netflix announces up to 60% price drop in India

The Hindu  

Video streaming platform Netflix on December 14 announced a price drop of up to 60% in its subscription services in India as it looks to reach out to a wider user base in the country. “That is a huge one and the idea behind it is to really get our members and the audiences who will be coming on Netflix …

Netflix adds 4.4 mn subscribers and tops revenue, surpassing projections for quarter
3 years, 2 months ago

Netflix adds 4.4 mn subscribers and tops revenue, surpassing projections for quarter

Firstpost  

Most of the subscriber growth in the quarter came from the Asia-Pacific region, which accounted for 2.2 million added Netflix members Netflix reported Tuesday that it gained 4.4 million more subscribers in the recently ended quarter, topping revenue and profit forecasts as hits like Squid Game draw masses of viewers. “Our programming strategy is to provide members with a wide …

Netflix is increasing prices but you don't have to worry about it in India
4 years, 1 month ago

Netflix is increasing prices but you don't have to worry about it in India

India Today  

Netflix stopped its free trials across all markets, earlier this month. According to the report, Netflix has increased its annual content budget every single year over the last seven years with 2020’s estimate being $18.5 billion. Netflix CEO Reed Hastings told analysts during the company’s second-quarter earnings call in July that people might leave Netflix from time to time to …

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