Netflix Adds 6.8 Million Subscribers as It Awaits ‘New Wave of Competition’

Streaming giant will spend $15 billion on original content this year

Netflix said 64 million households watched Stranger Things' third season within the first four weeks of its release.   Netflix

In the last quarter before Netflix will have to stare down major competition from new streaming services like Disney+, the company reported a growing subscriber base in the U.S. and abroad but nonetheless told shareholders that upcoming rival services and other factors may eat into the company’s future net subscriber growth.

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@kelseymsutton Kelsey Sutton is the streaming editor at Adweek, where she covers the business of streaming television.