It marked a huge comedown from the same time last year when Netflix added nearly 16 million subscribers. Signaling that the trend is continuing, Netflix forecast an increase of just 1 million worldwide subscribers in the current April-June period, down from an increase of 10 million subscribers at the same time last year. The inevitable slowdown in subscriber growth had been widely telegraphed by Netflix's management in repeated reminders that its gains were a pandemic-driven anomaly. Netflix, though, remains far ahead of the rest of the pack, with nearly 208 million worldwide subscribers. The company also emphasised that it didn't believe the intensifying competition had anything to do with its slowing subscriber growth.

Source: New Zealand Herald April 20, 2021 23:37 UTC