Netflix has hit a monumental feat in its journey to be the leader in streaming services with reporting 203.6 million paid subscribers around the world that includes a record breaking 37 million paid memberships in 2020.
According to the company’s earning report it achieved $25 billion in annual revenue, the company also acknowledged that with rise of other streaming service it “expects to add 6 million subscribers” in Q1 2021 compared to last year’s “15.8 million”.
The report also revealed that Netflix earned a upticking growth in Q4 2020 with new shows like The Queen’s Gambit and Emily in Paris. The Queen Gambit was watched by more than 62 million households within the first four weeks of its release, making it the second most watched limited series on Netflix.
Netflix has promised its subscribers that the company will release at least one movie a week — or about one every five days after it increased the prices of its services in the United States.
HBO Max and Peacock are not able to give tough competition to Netflix as Disney Plus remains as the biggest rival to the company with recently launched WandaVision and other shows like the The Falcon and the Winter Soldier, Loki, Ms. Marvel, and Hawkeye.
