Netflix has just Surpassed 200 million subscribers after gaining 8.5 million new paid memberships due to the increase in streamers as the COVID-19 pandemic continues to keep people at home.
In its latest quarterly earnings report, Netflix announced that it has surpassed the 200 million paid memberships threshold.
“For the full year, we added a record 37 [million] paid memberships, achieved $25 billion in annual revenue… and grew operating profit 76% to $4.6 billion.”
At 200 million, Netflix has the largest subscriber base out of any streaming service, though competition in the streaming space is heating up. In December, Disney reported that it had 86 million subscribers for its Disney+ streaming service, alone.
But at over double the subscriber count of its nearest competitor, Netflix is sitting comfortably at the top of the streaming throne. The company recently announced that it will premiere a new original movie every week for the full 2021 calendar year.