Netflix shares soared 15% after reporting its Q3FY2019 earnings and recording 130 million paid subscribers and 7 million on free trial. The company added 998,000 paid memberships in the US, and 5 million in the international market this quarter. Revenues from the domestic and international markets fell in the same ballpark. Streaming revenue grew 36% from the same quarter last year. Greg Peters said the company is exploring partnerships with ISPs, telecom operators and carrier billing deals to bring more subscribers onboard. In Q2FY2019, the company had reported 130 million subscribers but did not given a breakdown between paid and free subscribers. Netflix in India Chief Product Officer Greg Peters said Netflix is "just getting started in India" and that the company has a long runway ahead of itself. Netflix launched its first Indian original show 'Sacred Games' in July and followed it up with 'Ghoul' in August. Since Netflix doesn’t release viewing data for its titles, it’s not possible to know how successful the show has been, although Netflix said the show was a "hit". Co-founder and CEO Reed Hastings hinted that Netflix will move further into Hindi and "many more languages", pricing options, bundling with other services to garner a mass subscriber base in the country. Netflix acknowledged that India is "somewhat of a tough market". Carrier partnerships Partnerships in India to expand subscriber base is ongoing; the company signed carrier billing deals with Airtel and Hathway since Q2FY2019 financials were reported. Netflix first signed a carrier billing in India with Vodafone last year; postpaid…
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