Audiovisual on-demand content services experienced record growth exactly one year ago. However, in the first quarter of 2021, Netflix has achieved what it is Four million new subscribers, Two is less than estimated.
The broadcast giant, which had hoped to acquire six million new users, would have to settle for a loss of two. Moreover, this decrease is equivalent to a quarter of the eight million added in the last three months of 2020. This will be The slowest growth so far.
In a statement referred to Watchman, Netflix notes that the slowdown in content production due to the epidemic and the massive profits last year She is responsible for the fall. The news also translated into an 11% drop in shares of the platform.
Less content, fewer members
The company notes that these results come after a year of “exceptional growth”, in which it has achieved more than one year 36 million new subscribers And exceeded 200 million marks.
“The extraordinary events of covid-19 led to unprecedented customer growth in 2020 as the increase from 2021 fueled and Production is delayed in all countriesThe company wrote in a letter to shareholders.
Results come after a year of “extraordinary growth”
“As we discussed in previous letters, these dynamics also contribute to A. List of lighter contents In the first half of 2021, we therefore believe that subscriber growth will be slower. Netflix has so far met the financial projections, increasing the company’s revenue 24% year-over-year.