Netflix reported its worst slowdown in subscriber growth in eight years. Photo / APNetflix reported its worst slowdown in subscriber growth in eight years as people emerged from their pandemic cocoons. That financial breakdown showed the video service added 1.5 million subscribers during the April-June period. Despite this year's growth slowdown, Netflix remains by far the world's biggest streaming service in an increasingly competitive field that includes Walt Disney Co., HBO, Amazon and Apple. While no one expected Netflix to sustain that breakneck pace, the drop off in subscriber growth this year has been more severe than anticipated.

Source: New Zealand Herald July 20, 2021 23:03 UTC