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Netflix FY19 revenues up 700% in India

Shortpedia

Content Team

Netflix India has made a sensation growth of 700% during the Fiscal year 2018-2019 competing with a sea of growing streaming players such as Amazon Prime Video and Hotstar. The streaming giant entered India back in 2016. As per reports, Netflix has earned Rs 466.7 crore for FY19 while net profit is Rs 5.1 crore. In contrast, Netflix India had a business of Rs 58 crore in FY18 whereas the net profit was Rs 20 lakh.