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Driven by local content, Netflix India revenue spikes 700%, says report

Updated : November 11, 2019 12:53 PM IST

Netflix’s Indian unit saw its revenue grow by over 700 percent last fiscal year.
The company reported revenues of Rs 466.7 crore during FY2019 with a net profit of Rs 5.1 crore, a steep rise from the last fiscal.
The stellar growth is due to rise in subscribers as the streaming giant expands its local content offering, and spends heavily on marketing.
Driven by local content, Netflix India revenue spikes 700%, says report
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