In context: Netflix, like many other streaming services, saw a sizable boost in subscribers during the Covid-19 pandemic. Due to mandated lockdowns and stay-at-domicile orders, more than people than always before were looking for ways to stave off boredom during 2022 -- Netflix's massive catalog of on-demand streaming content was (and is) ane of the better ways to achieve that goal.

We've reported on Netflix'south continued growth several times now, merely today marks a particularly impressive milestone: Netflix has officially reached over 200 million subscribers globally.

That's an impressive figure for any streaming service, but it shows just how much the Covid-19 pandemic has affected our habits and entertainment-seeking strategies. For reference, Netflix had 167.09 million paid subscribers by the end of 2022, significant it added around 37 one thousand thousand new members during 2022.

In other news, Netflix grew its operating profits by 76 percent to $4.6 billion year-over-year, while boosting annual revenue by 24 percentage yr-over-twelvemonth (to around $25 billion).

Overall, this is a stiff showing from Netflix, merely information technology's hard to say how long the platform can keep this record growth upward.

When the pandemic somewhen winds down, Netflix will likely once again exist competing with movie theaters and other real-world forms of entertainment, though it may be a while earlier that day comes.

Centre paradigm credit: Vantage_DS