CHIANG MAI, THAILAND – APR 26, 2016: man hand holding screen shot of Netflix application showing on Asus Zenfone 2 mobile phone. Netflix is a global provider of streaming movies and TV series.
At this time last year, pandemic lockdowns caused Netflix subscriptions to spike, and the company added 16 million subscribers in three months. Now its numbers for the same period in 2021 are available, and it grew by a total of 3.98 million customers worldwide. Executives say that this reflected “the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays.”
However, Netflix is getting more profitable, since net income spiked to $1.7 billion in the first quarter alone. In 2019 its annual profit was $1.87 billion
208 million people already have Netflix, so that is an issue. There’s also high-quality competition from…
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