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Home / News / Business News / Netflix crosses 200 million subscribers, Q4 2020 nets 8.5 million
  • Business

    Netflix crosses 200 million subscribers, Q4 2020 nets 8.5 million

    Nachiket Mhatre
    Written by
    Nachiket Mhatre
    Mail
    Last updated on Jan 20, 2021, 02:15 pm
    Netflix crosses 200 million subscribers, Q4 2020 nets 8.5 million
  • Netflix, the revolutionary on-demand media streaming service, has surpassed an impressive milestone of 203.6 million subscribers.

    The achievement comes on the heels of a spectacular 2020, where the COVID-19 lockdowns led to a surge in streaming content consumption. This resulted in massive subscriber gains during the first half of last year.

    The company added 8.5 million paid subscribers in the last quarter of 2020.

  • In this article
    Netflix doesn't expect to replicate impressive 2020 performance Netflix Originals continue to rake in eyeballs by the millions Netflix continues to grow despite raising subscription cost Netflix faces stiff competition from rival streaming platforms
  • Tempering expectations

    Netflix doesn't expect to replicate impressive 2020 performance

    Netflix doesn't expect to replicate impressive 2020 performance
  • The service managed to generate $25 billion in annual revenues during the last year, thanks to a record-breaking 37 million new paid subscriptions.

    The company, however, doesn't bet on replicating similar growth rate in 2021. Case in point: It expects to add 6.1 million subscribers this quarter, which is a far cry from the 15.8 million it netted in the same quarter last year.

  • Original productions

    Netflix Originals continue to rake in eyeballs by the millions

    Netflix Originals continue to rake in eyeballs by the millions
  • In addition to licensing movies and TV shows, Netflix is also one of the biggest production houses in the world. The service has produced some of the most popular movies and series in recent times.

    Dubbed as Netflix Originals, the in-house productions include Stranger Things, Ozark, The Crown, and The Queen's Gambit. The latter alone reached 62 million households within the first month.

  • Solid performance

    Netflix continues to grow despite raising subscription cost

    Netflix continues to grow despite raising subscription cost
  • Netflix has shown impressive gains despite increasing subscription prices. The growing pains of handling a large production house and shoring up infrastructure forced it to make its most subscribed plans more expensive in Q4 2020.

    The company offset that decision by promising to add one new movie every week. The gambit paid off given the stunning subscription growth recorded in the same quarter.

  • Disney Plus

    Netflix faces stiff competition from rival streaming platforms

    Netflix faces stiff competition from rival streaming platforms
  • However, Netflix isn't the only player in the streaming space. Maintaining the same growth trajectory won't be easy with stiff competition from rivals such as Amazon Prime Video, Hulu, and Disney+.

    Disney's streaming service has added 73.7 million subscribers within its first year thanks to hit shows such as The Mandalorian. That's almost twice the subscriber acquisition rate as Netflix for the same year.

  • Netflix
  • Amazon
  • Stranger Things
  • Amazon Prime Video
  • Disney Plus
  •  
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