SAN FRANCISCO: Paid subscribers for Netflix surpassed the 200 million mark in 2020 as Covid-19 restrictions helped it to gain viewership, the streaming giant has said.
The numbers were revealed on Tuesday as Netflix reported its results for the fourth quarter which saw an addition of over 8.5 million paid subscribers to the platform.
Average paid streaming memberships increased 23 per cent year over year in Q4, while average revenue per membership was flat year over year both on a reported and foreign exchange neutral basis, the company said.
“Since the start of 2018, our paid memberships have risen from 111m to 204 million and our average revenue per membership has grown from $9.88 to $11.02, despite significant F/X (foreign exchange) headwinds,” Netflix said.
“This approach has allowed us to organically increase revenue by $4-$5 billion annually over the past several years,” it added.
In the fourth quarter, Netflix reported revenue of $6.64 billion.
“Revenue was 1 per cent higher than our guidance forecast, as paid net adds exceeded our 6.0 million projection by 2.5 million,” the company said
For the full year, Netflix added a record 37 million paid memberships, achieved $25 billion in annual revenue – over 24 per cent year over year – and grew operating profit 76 per cent to $4.6 billion.
“For Q1’21, we expect paid net adds of 6.0m vs. last Q1’s 15.8 million, which included the impact from the initial Covid-19 lockdowns,” the company said.
Vi showcases 5G
NEW DELHI: Vodafone Idea Limited (VIL), leading telecom operator, today demonstrated a range of 5G-based technology solutions as part of its ongoing 5G trials on government allocated 5G spectrum in Pune, Maharashtra and Gandhinagar, Gujarat.
According to Ravinder Takkar, MD & CEO, Vodafone Idea Limited, “With our 5G trials underway, Vi is preparing to take India on the next journey of fifth generation wireless mobile communication technology. Our 5G trials showcase a whole new world of possibilities across various domains that promise a new era of technology advancement in India. I am confident that 5G will bring a better tomorrow that will deliver significant benefits to consumers, businesses and society, driving digital economy growth in India.”
Today, we demonstrated a range of 5G-based #technology solutions as part of Vi's ongoing #5G trials. Here's a glimpse of our differentiated use case demos for enterprises & consumers. #5GForABetterTomorrow #Vi pic.twitter.com/3GGoXVzfKe
— Vi_News (@VodaIdea_NEWS) November 26, 2021
With the purpose for a better tomorrow, Vi has been conducting 5G trials and developed a wide range of use cases relevant for Enterprises and Consumers in India. Vi has partnered with industry leaders like L&T Smart World & Communication, Athonet, Indian start-ups like Vizzbee & Tweek Labs, and technology leaders – Ericsson and Nokia for trialling use cases in the two locations.
Committed to helping its customers thrive and have a better tomorrow, Vi is leveraging the power of 5G technology across segments such as industry 4.0, smart cities, smart healthcare, smart workplace, smart education, smart agriculture, gaming, amongst others. Vi’s trials have proven that high data speed, low latency and reliability of 5G technology, can bring about massive developments by enhancing business performance, revolutionizing customer experience, changing consumer lifestyle and positively impacting people dwelling in remote corners of India.
Vi has been allocated 26 GHz and 3.5 GHz spectrum in the mmWave band by the DoT, for 5G network trials and use cases. Vi has achieved peak speeds in excess of 1.5 Gbps on 3.5 GHz, more than 4.2 Gbps on 26 GHz and up to 9.8 Gbps on backhaul spectrum of E-bands.
The 5G trial network set up by Vi in Pune, deploys Ericsson Radios and Ericsson Dual Mode Core based on cloud native technology comprising of 5G SA, 5G NSA & LTE packet core functions. All use cases demonstrated in Pune have been developed over Ericsson’s 5G technology solutions.
In Gandhinagar, Vi is using Nokia’s AirScale radio portfolio and Microwave E-band solution for the trial that support enterprises, both large and small and medium businesses with reliable connectivity. Vi use cases in Gandhinagar were demonstrated via a live telecast at the special media preview held in Pune.
Vi launches new tariff plans for Digital India
NEW DELHI: Vodafone Idea Limited (VIL), India’s leading telecom service provider, has announced the launch of its new tariff plans for prepaid users in India. The new plans will be available starting 25th November 2021.
The new plans will start the process of ARPU improvement and help address the financial stress faced by the industry.
These tariff plans will allow VIL to continue improving India’s Fastest Mobile Network, verified by Ookla®, the global leader in fixed broadband and mobile network testing applications. Vi remains committed to play its role in accelerating the realization of the Digital India vision of the government.
In line with its commitment to providing its customers with simple and convenient products, Vi has curated an optimum range of feature rich plans for both voice and data. Customers can avail their benefits by selecting the plan best suited to their specific needs.
Users can visit www.myvi.in for more details, starting 25th November, 2021.
Airtel announces revised mobile tariffs
NEW DELHI: Bharti Airtel has always maintained that the mobile Average Revenue Per User (ARPU) needs to be at Rs 200 and ultimately at Rs 300, so as to provide a reasonable return on capital that allows for a financially healthy business model.
We also believe that this level of ARPU will enable the substantial investments required in networks and spectrum. Even more important, this will give Airtel the elbow room to roll out 5G in India.
Therefore, as a first step, we are taking the lead in rebalancing our tariffs during the month of November. Accordingly our new tariffs as indicated below will come into effect from November 26, 2021.
Airtel’s New Prepaid Tariffs
|Current Price (Rs)||Validity||New Price (Rs)||Benefits|
|Tariffed Voice Plans|
|79||28 days||99||50% more talktime of Rs 99, 200MB data
1p/sec voice tariff
|Unlimited Voice Bundles|
|149||28 days||179||Unlimited calling, 100 SMS/day, 2 GB data|
|219||28 days||265||Unlimited calling, 100 SMS/day, 1 GB/day data|
|249||28 days||299||Unlimited calling, 100 SMS/day, 1.5 GB/day data|
|298||28 days||359||Unlimited calling, 100 SMS/day, 2 GB/day data|
|399||56 days||479||Unlimited calling, 100 SMS/day, 1.5 GB/day data|
|449||56 days||549||Unlimited calling, 100 SMS/day, 2 GB/day data|
|379||84 days||455||Unlimited calling, 100 SMS/day, 6 GB data|
|598||84 days||719||Unlimited calling, 100 SMS/day, 1.5 GB/day data|
|698||84 days||839||Unlimited calling, 100 SMS/day, 2 GB/day data|
|1498||365 days||1799||Unlimited calling, 100 SMS/day, 24 GB data|
|2498||365 days||2999||Unlimited calling, 100 SMS/day, 2 GB/day data|
|48||Unlimited||58||3 GB data|
|98||Unlimited||118||12 GB data|
|251||Unlimited||301||50 GB data|
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