Investment in originals continues to pay off as the company received 24 Oscar nominations and won 2 of them in 2020. Netflix (NFLX) grew its revenue by ~27% YoY to end 2019 with $20 billion of revenue while profitability has also improved. With its "Glocal" expansion strategy, Netflix aims to locally produce award-winning originals with global hit potentials and to launch mobile-only plans at lower price point in some emerging markets. Both continuing focus on Originals production and "Glocal" approach will drive sustainable subscribers growth and margin expansion beyond 2020.
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