
Netflix misses big on subscriber growth as forecasts look weak
CNN
Netflix had a huge first quarter last year thanks to the pandemic keeping people inside. Now with vaccinations ramping up, Netflix kicked off 2021 with a big subscriber miss.
The streaming service reported Tuesday it now has 208 million subscribers globally, after adding 4 million subscribers in the first quarter of 2021, but missing its own expectations of 210 million. Netflix's first quarter profit in 2021 was $1.7 billion, up from $709 million in the year-earlier quarter. Its revenue jumped 24%, to $7.1 billion.More Related News