That's why Netflix just took a major blow
The most efficient streaming service has provided serious problems in their latest gain report.
Thanks to the pandemic, there is a good chance that you had a decent time of the shows and films on Netflix over the past year. The service now has more than 207 million subscribers worldwide, making it the mostPopular streaming option in the world. But during hisLast gains callThe Netflix frameworks have established a set of major problems that could make a difficulty the next year for society. Read to see why the Tech Trailblazer has just taken a shot and for more important streaming updates, discoverIf you see this message on your Roku, report it immediately, experts say.
The growth of Netflix subscribers slowed much faster than expected.
According to the company's revenue report published on April 20, Netflix added a little less than 4 million world subscribers from January to March 2020. But while it may seem a little impressive growth, it actually marks thesmaller gain During this three-month period in four years, CNBC reports.
TheLAG in new subscribers also marks a huge drop from the same time last year, which found a record of 15.7 million new registrations for the company during the beginning of the CVVID-19 pandemic,The New York Times reports. The figures also fall into the number of registrations that society had expected in the first quarter of the year of about 2 million.
The courses of the company's actions fell hard on the news.
Netflix also admitted that the problem could be a problem in progress in the coming months. The companySlasched its growth forecasts Only 1 million new subscribers from April to June, representing a STARK drop of the 10 million new subscribers that the streaming service signed during the same period in 2020,United States today reports.
News from Netflix's sudden struggles to enroll new users sent shockwaves in the financial world. The company saw that its stock prices fall up to 11% in post-hours trading in response to disastrous forecasts, CNBC reports. And for more information on streaming predecessors who have fallen over difficult economic times, checkThis beloved cinema chain has just filled a bankruptcy.
The leaders reproach Covid to interrupt their production schedule.
Some analysts have been quick toblame increased competition For the misfortunes of Netflix. HBO Max, which launched in May of 2020, has already reached its two-year target of 41 million subscribers in January, Yahoo Finance reports. And Disney + has exceeded 100 million subscribers in March, taking a year and a half to build a base of users about half the size of Netflix.
But Netflix leaders argued that the pandemic was actually to blame, disrupting the company's content strategy byInterrupt filming and exit schedules For some of its most popular offers. "We believe that the growth of paid members slowed down the slow motion The BIG COVID-19 shoot in 2020 and a lighter list of content in the first half of this year, due to COVID-19 production delays," A Declared society in a letter to investors Tuesday. .
The return of popular shows will begin to bring new users soon, say the leaders.
But the leaders of the company remained optimistic than the next few months would be the only difficult period of the streaming broadcast service. "We will come back to a much more stable state to half the year"TED SarandosCo-General Manager and Director of Content and Director of Netflix, said during the call of investors of the company.
He cited the return of many of the most popular series of streaming service in the coming months, likeThe witcher andYou, as a major potential relies on new subscribers,The temperature reports. And for more information on key business moves, seeThis thing is disappearing from Walmarts Nationwide.
