Netflix Falls Short of Q1 Subscriber Targets as COVID-Driven Growth Slows

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%.

Source: Netflix Falls Short of Q1 Subscriber Targets as COVID-Driven Growth Slows

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