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Netflix predicts 200 million subscribers this year
21.10.2021 [15:32],
Konstantin Khodakovsky

Recently, the streaming video service Netflix in Russia switched to rubles and into Russian in its interface. The company has now released its latest quarter results (PDF). The service slightly fell short of its own forecasts, having managed to attract “only” 2.2 million customers worldwide in 3 months instead of the expected 2.5 million.

However, the company has previously warned that this could happen due to the abnormally high growth in the number of subscriptions at the beginning of the year associated with quarantine measures against COVID-19. Too many people stayed at home and for this reason many decided to sign up for the streaming service.

However, the company expects to add about 6 million new customers in the fourth quarter of this year, bringing the total number of subscribers worldwide to 201 million. Netflix did not explicitly mention the controversy that arose after the release of Cuties in the report, nor did it comment on the refusal to provide new customers with a free trial. But the company said current subscriber retention remains strong and family engagement in Q3 2021 has grown significantly over last year. If the company manages to meet its fourth-quarter forecast, it will easily surpass its previous record this year when it attracted 28.6 million subscribers in 20221.

High-profile TV series such as Stranger Things have resumed, Netflix reports, and some TV series and films that debuted in 2021 are highly popular. For example, by the number of viewers, Umbrella Academy received 43 million views in the first 28 days, Immortal Guard – 78 million, and Project „Strength “” – 75 million. Netflix Still Goes To Release More Original Content Every Quarter Of 2021.

Netflix executives also noted increased competition with the Peacock launch, as well as Disney’s strategic reorientation to Disney + and other streaming services. In the letter, they said they were “happy” to compete with these services and added that cable TV, video games, TikTok and YouTube are also getting a lot of attention and screen time from potential viewers.

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