Netflix reports strong Q3FY24 results: APAC revenue soars by 19% YoY

Netflix reports strong Q3FY24 results: APAC revenue soars by 19% YoY

In Q3 FY24, Netflix saw remarkable growth, with total revenue increasing by 15 percent year over year, exceeding expectations. The platform added 5.1 million paid net memberships during the quarter, leading to a 52 percent surge in operating income to $2.9 billion and an improved operating margin of 30%. Earnings per share (EPS) climbed by 45 pe...


regulatory

SC rejects petition for regulatory body over OTT platforms

The Supreme Court yesterday dismissed a public interest litigation (PIL) concerning the need for a regulatory board to monitor and manage over-the-top (OTT) and streaming platforms in India. An ANI report from New Delhi quoted a bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra, as saying, "This is the p...