Netflix Falls Short of Q1 Subscriber Targets as COVID-Driven Growth Slows
Todd Spangler, provided by
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Netflix’s subscriber growth cooled dramatically in the first quarter of 2021 after record pandemic-fueled gains last year and the streamer added about 2 million fewer customers than it previously expected.
For Q1, the company reported a gain of 3.98 million in net global streaming subscribers. That was below its previous guidance of 6 million. Meanwhile, Netflix predicted even lower gains for the current quarter: It expects to add just 1 million members in Q2, with roughly zero growth in the U.S./Canada and Latin America regions. As of the end of March, Netflix had 207.4 million paid streaming customers worldwide, up 13.6%.
Netflix reveals $17 billion in content spending in 2021
Elaine Low, provided by
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Dolly Parton: A MusiCares Tribute (2021)
This Is a Robbery: The World s Biggest Art Heist (Docuseries)
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Police Academy 2: Their First Assignment (1985) | Police Academy 3: Back In Training (1986) | Police Academy 4: Citizens On Patrol (1987) | Police Academy 5: Assignment: Miami Beach (1988) | Police Academy 6: City Under Siege (1989) | Police Academy: Mission To Moscow (1994)
The Nanny (Complete Series)
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Boogie Nights (1997)
The Color Purple (1985)
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The New Mutants (2020)
The Dark Knight Rises (2012)
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The Artist (2011)
Mad Max (1979)
A Hologram for the King (2016)
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THEM (Season 1)
Netflix revealed that it will spend over $17 billion on content this year, according to its first-quarter earnings report.