Netflix, which experienced sharp growth last year, has started to slow this year. While the number of new subscribers decreases, it is observed that the operating profit increases significantly.
Netflix, which experienced rapid growth due to the first period of last year’s pandemic, is slowly starting to return to the past. Growth slowed significantly in the first quarter of 2021 compared to last year.
In the first quarter of the new year, Netflix gained a total of 3.98 million new subscribers. It attracted 16 million new subscribers in the same period last year. Such rapid rises, of course, also slow down. Netflix has reached a total of 208 million subscribers with the new additions.
High subscriber numbers also positively impact revenues. The company generated $7.16 billion in revenue in the first quarter and its operating profit was $1.7 billion. In 2019 alone, it had an operating profit of 1.87 billion.
Revenues are expected to increase slightly in the coming period. Operating profits will fall slightly. The fact that the Disney+ platform has become a serious threat and countless new platforms on a local basis are joining the race has begun to force the company. Also, the increased subscription fees are expected to affect the numbers.