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.

BING NEWS:
  • Richard Li’s Viu is gunning for Netflix
    Billionaire Richard Li’s streaming business is on a roll, mulling a potential initial public offering after its platform Viu beat Netflix in subscribers in one of Asia’s most competitive markets.
    08/17/2021 - 5:32 pm | View Link
  • After Beating Netflix, Richard Li’s Viu Looks to Next Battle
    Its rivals have deeper pockets, an established track record of creating original content and are ramping up their focus on Southeast Asia as growth slows ... s largest production company ...
    08/17/2021 - 9:24 am | View Link
  • After Beating Netflix, Richard Li’s Viu Looks to Next Battle
    Its rivals have deeper pockets, an established track record of creating original content and are ramping up their focus on Southeast Asia as growth slows in home markets ... officer of Malaysia’s ...
    08/16/2021 - 3:30 pm | View Link
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    09/17/2021 - 7:09 pm | View Website
  • Mediagazer
    The media business is in tumult: from the production side to the distribution side, new technologies are upending the industry. Keeping up with these changes is time-consuming, as essential media coverage is scattered across numerous web sites at any given moment. Mediagazer simplifies this task by organizing the key coverage in one place.
    09/17/2021 - 8:03 am | View Website
  • Chart: Netflix Sees Slowest Growth in Years Following ...
    Following a record year that saw Netflix add 36 million subscribers in 2020, the world's most popular video streaming service saw its subscriber growth slow significantly in the first six months ...
    09/17/2021 - 2:34 am | View Website
  • Reopening slows use of social media: Morgan Stanley
    Certain social media platforms, like Tiktok, thrived during the pandemic. TikTok grew in popularity among young people especially, with a growth of 180% among 15- to 25-year-old users after the onset of the pandemic. Additionally, 12% of the population used TikTok in May 2020, as opposed to only 4% in September of 2019.
    09/16/2021 - 8:57 pm | View Website
  • Your Netflix habit has a carbon footprint, but not a big one
    Separately, Netflix plans to reach net-zero greenhouse gas emissions by the end of 2022, a target that means it will offset all the emissions it cannot eliminate by that time.
    09/16/2021 - 6:20 pm | View Website
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