Netflix's two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service, Netflix's chief operating officer Greg Peters said during a call with investors on Tuesday. Now, the company is analysing how that interest through this specific tactic can be converted into sustained incremental growth, Peters said. The online streaming platform now has over 200 million subscribers. Netflix added more than 8.5 million new users during Q4 of the current financial year, recovering from its slump in the previous quarter during which it added a little over 2 million subscribers. Over the last three years, Netflix’s average revenue per user (ARPU) has grown by about 10%. Three years ago, it's ARPU was just under $10,and has now grown to $11 in the last quarter, according to Spencer Wang…
