By Micah Maidenberg and Joe Flint

Netflix Inc. ended last year with more than 200 million subscribers, a milestone powered by consumers left homebound by the pandemic and rising demand in international markets where the streaming giant has a head start over many rivals.

Netflix on Tuesday said it added more than 8.5 million subscribers on a net basis in the fourth quarter, a gain that surpassed its forecast for the period. Overall, Netflix signed up what it said was a record 37 million subscribers in 2020 and had a total of 203.7 million users when the year finished up.

The company's subscriber count has roughly doubled since the third quarter of 2017, when it first exceeded 100 million paying customers.

Write to Micah Maidenberg at micah.maidenberg@wsj.com and Joe Flint at joe.flint@wsj.com

(END) Dow Jones Newswires

January 19, 2021 16:30 ET (21:30 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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