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2020 was a record year for Netflix, crossing the finish line with 203.6 million users worldwide
Netflix marks its record number of users worldwide in 2020, reaching 203.6 million subscribers. This is an important result, which, as the streaming platform itself admits, is related to the limitations of the Covid-19 pandemic. For this reason, the company does not expect to improve its record in 2021.
Netflix’s announcement of your accomplishments is both a way of confirming success and letting shareholders know that they no longer need external financing for their day-to-day operations. The record number of subscribers also means revenues of $ 25 billion in 2020 alone. As a result, Netflix continues to grow, despite competition from other entertainment platforms such as Disney +, Amazon Prime Video and Now TV. But it is the competition in the industry and the return to the normal daily routine after the pandemic that bodes lower revenues for the next year.
Netflix, record numbers in 2020
In the fourth quarter of 2020, Netflix had 8.5 million new users, a total of 37 million subscriptions and $ 25 billion in annual revenue. The report’s results show that the streaming platform for movies and TV series now has 203.6 million subscribers worldwide.
The company shows that it does not need external sponsors and has all the numbers to build on its success, which is also linked to the Covid-19 pandemic. Between the quarantines and blockades, more and more people detained at home opted to subscribe to entertainment platforms, and Netflix inevitably benefited as well.
Netflix does not expect the same success to repeat in 2021, both due to the possible return to normal life after the pandemic and the competition from other streaming platforms, which are becoming more numerous and also expanding their catalogs. In fact, the company expects a net pay increase of $ 6 million in the first quarter, compared to $ 15.8 million in the prior period.
Netflix, viewers’ favorite shows
TV series such as Emily in Paris and Chess Queen, which appeared on the platform between October and December 2020, attracted users. Over 62 million subscribers watched The Queen of Chess, which quickly became the second most watched miniseries on Netflix after Tinger King.
Another popular series is Bridgerton, the result of a deal with ShondaLand by Shonda Rimes, creator of Grey’s Anatomy, which recorded over 60 million views in just four weeks. There is also “The Crown,” dedicated to the British royal family, and “Heaven at Midnight,” directed and starring George Clooney, which premieres on December 25. The platform has already announced the arrival of new series and movies for 2021 and writes in a letter to shareholders: “Our strategy is simple: if we can continue to improve Netflix every day to delight our members, we can be their first choice for streaming entertainment.”
