Connect with us

Mobile Services

Netflix surpasses 200 million paid subscribers

Published

on

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.

Source: IANS

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

5g

Vi showcases 5G

Published

on

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.”

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.

 

r.

Continue Reading

Mobile Services

Vi launches new tariff plans for Digital India

Published

on

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.

Continue Reading

Mobile Services

Airtel announces revised mobile tariffs

Published

on

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
Data Top-ups
48 Unlimited 58 3 GB data
98 Unlimited 118 12 GB data
251 Unlimited 301 50 GB data
Continue Reading

Trending