| Title | Netflix Warns of Slowdown after Subscriber Surge | |
| Date | Saturday July 18 2020, @07:10PM | |
| Author | martyb | |
| Topic | ||
| from the dept. | ||
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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