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Netflix Warns of Slowdown after Subscriber Surge

posted by martyb on Saturday July 18 2020, @07:10PM   Printer-friendly

Phoenix666 writes:

BBC:

Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow.

The streaming giant added more than 10 million subscribers in the three months to July, bringing the total of new subscribers to 26 million in 2020.

In contrast, Netflix saw 28 million new subscribers for the whole of 2019.

"Growth is slowing as consumers get through the initial shock of coronavirus and social restrictions."

Will Netflix's library expand to accommodate the growth in subscribers?

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  • (Score: 2) by looorg on Saturday July 18 2020, @09:35PM (1 child)

    by looorg (578) on Saturday July 18 2020, @09:35PM (#1023504)

    Don't worry grandpa the stories will be on soon and with your alzheimer every episode is like a new episode even when they are reruns.

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  • (Score: 1) by fustakrakich on Saturday July 18 2020, @09:54PM

    by fustakrakich (6150) on Saturday July 18 2020, @09:54PM (#1023515) Journal

    You forgot the damn toast!

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