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Netflix “still figuring things out” in India: co-CEO Reed Hastings

"We have had enough success in Japan and South Korea for you guys to think about it like Germany or France, like it’s a big developed rich market. We have got that wired. [In] India, we are still figuring things out," Reed Hastings, Netflix co-CEO, said in an earnings call on Wednesday morning. While India is among the cheapest places in the world to get a Netflix subscription — without even taking into account the mobile-only plan — its pricing and adoption hasn't grown to a point where investors take the company too seriously as a short- or mid-term revenue opportunity. "And so that investment takes some guts and belief forward-looking," Hastings added. In Q1 2021, the company missed its target of adding 6 million users, only adding 4 million new subscriptions. Netflix cited a thin H1 2021 due to…

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