Netflix plots move into video games as subscriber growth slows
CityAM says Netflix last night confirmed plans to move into video games after the streaming giant suffered a sharp slowdown in new subscriber growth.
The streaming giant added 1.54 million subscribers over the last quarter, below analyst forecasts and a significant fall from its 2020 boom.
In the same quarter last year, at the peak of the pandemic, Netflix added 10.1m new subscribers.
Netflix reported losing around 430,000 subscribers in its key markets of the US and Canada — only its third quarterly decline in 10 years.
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