Is Netflix Wavering in Its Quest for the Next 100 Million Subscribers in India?
Back in February 2018, Netflix (NASDAQ: NFLX) CEO Reed Hastings spoke confidently about how the company's next 100 million subscribers were likely to come from India. But recent comments suggest Hastings may be a bit less confident.
Speaking to analysts on the company's latest earnings conference call in April, Hastings remarked that the streaming giant is "still figuring things out" in India -- evident from the multiple pricing options Netflix keeps rolling out in the country. Hastings also said that India is a "more speculative investment" than markets such as Japan or Korea.
The comments suggest that Hastings has toned down his bullishness about India since making that huge claim in 2018. Let's look at some of the reasons why that may have been the case.
Source Fool.com
