With 221.8 Million Global Subscribers, Netflix Still Has ‘Tremendous Room for Growth’

The streaming service added 8.3 million in the fourth quarter

At the end of the year, Netflix reached nearly 222 million global subscribers, adding 8.3 million customers across the world.

That’s nearly double the 4.4 million it added a quarter ago, with 1.2 million coming from the U.S. and Canada, though slightly below its forecast of 8.5 million.

Despite having over 100 million more global subscribers than the next closest streaming service on the market, Netflix is adamant that it still has room to grow. Pointing to increased competition from other streaming services (Disney alone has 179 million total subscribers across its streaming platforms), the company sees space for global expansion.

“While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched,” the company said Thursday afternoon in its quarterly letter to shareholders.



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