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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: 0) by Anonymous Coward on Sunday July 19 2020, @09:11AM

    by Anonymous Coward on Sunday July 19 2020, @09:11AM (#1023667)

    We have a century of content they could put on.