HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content (Manish Singh/India Dispatch)

Manish Singh / India Dispatch: HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content  —  And more than $900 million in annual revenue in India.  —  Amazon Prime Video has more than three times the subscribers as Netflix in India, according to HSBC.

Jan 25, 2026 - 06:00
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HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content (Manish Singh/India Dispatch)

Manish Singh / India Dispatch:
HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content  —  And more than $900 million in annual revenue in India.  —  Amazon Prime Video has more than three times the subscribers as Netflix in India, according to HSBC.

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