Comment on Netflix user growth slows as production ramps up again

Netflix user growth slows as production ramps up again

After the COVID-19 pandemic drove impressive subscriber growth earlier this year, Netflix’s numbers have come back down to Earth. The streaming service added 15.77 million net new subscribers in the first quarter of the year, followed by 10.09 million in Q2. It only projected 2.5 million for Q3. Today’s earnings report shows the company falling short of that already underwhelming goal, with only 2.2 million net additions, bringing its total subscriber base to 195 million.

 

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