on Tuesday topped subscriber growth expectations in the past quarter, keeping ahead of new streaming rivals competing for viewers stuck in their homes during the coronavirus pandemic.
For the full year, Netflix added a record 37 million paid memberships, according to the earnings report. Netflix has invested heavily in original shows and films to make itself a must-have service in the increasingly competitive streaming market.Netflix chief executive Reed Hastings said on the call. Netflix executives said their productions are back up and running in most regions after being derailed by the pandemic.
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