Netflix misses global subscriber target, but upbeat about India growth

Online video-streaming giant Netflix missed its global target of adding 6.2 million subscribers in the quarter ended June 2018, but reiterated that the fundamentals of its business remained strong and that it had a lot of room for growth in the Indian market. 

In a call with investors post its second-quarter earnings on Monday, the California-headquartered firm said it was still exploring options in India, which held immense potential for its growth. “There are 3-4 different sorts of growth patterns within India in terms of different demographics, segments and groups,” David Wells, CFO of Netflix, told the investors.

Netflix, which