Netflix reports slump in subscriber growth - News Summed Up

Netflix reports slump in subscriber growth


Netflix growth slowed as life returned to some semblance of normality. After picking up 2.2 million customers in the July-September period, Netflix finished the quarter with 195.2 million worldwide subscribers. It has added 28 million subscribers through the first nine months of the year — locking in the company's largest annual increase in its history. Analysts were expecting Netflix to project a gain of 6.4 million subscribers for the final quarter of this year. Netflix said as the world "hopefully recovers" from COVID-19 in 2021, it expects its subscriber growth to revert back to pre-pandemic levels.


Source: New Zealand Herald October 20, 2020 22:27 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */