Jan 20, 2022
Netflix faces rocky road after pandemic wins
Image source, NETFLIX. The number of Netflix subscribers grew to 222 million last year, but the streaming firm is facing a rocky road ahead as the surge of interest it saw during the pandemic fades. Overall, Netflix added 18.2 million members last year - roughly half the number who subscribed in 2020.Investors had hoped that pace would start to pick up again. Netflix, which added 8.3 million subscribers in the last three months of 2021, maintained that there is room to grow, as more and more people switch away from traditional television. Netflix is spending billions of dollars on content to keep viewers interested. Hits during the last three months of the year included a new season of The Witcher fantasy television series and the satire Don't Look Up - which has already become the second most popular film ever for the company.
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