Netflix surpasses 200 million subscribers, but has more competition than ever in 2021

LIAM DANIEL/NETFLIX

Netflix has surpassed another major milestone: 203.6 million subscribers around the world.

The achievement comes after Netflix saw spectacular growth in the first half of 2020. But as it celebrates passing the 200 million subscriber mark, Netflix is also acknowledging that 2021 likely won’t be quite as big of a success. Netflix added a total of 8.5 million paid net subscribers in Q4, bringing in a record breaking 37 million paid memberships in 2020. Netflix “achieved $25 billion in annual revenue,” according to the earnings report. Still, Netflix is warning that “we expect paid net adds of 6 million” in Q1 2021 compared to last year’s “15.8 million, which included the impact from the initial COVID-19 lockdowns.”

Coming off a less than…

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Author: Julia Alexander