Netflix is expected to face tougher competition in the US market but is strong in many global markets, having bolstered its line-up of international shows. – AFP pic, January 22, 2020.
NETFLIX said yesterday it added millions of new subscribers globally over the past quarter as it ramped up for a tougher competitive landscape but scaled back its outlook for early 2020. The global streaming television giant largely beat expectations with a profit of US$587 million in the fourth quarter as revenue rose 31 percent from a year ago to US$5.5 billion.
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