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Netflix paints a happy face on growing threat of US competition

Posted on AllSides January 21st, 2020
From The Center

Netflix downplayed concerns about competition in its Q4 2019 earnings report, but subscriber numbers don’t lie.

Netflix wrote that “despite the big debut of Disney+ and the launch of Apple TV+, our viewing per membership grew both globally and in the US on a year over year basis, consistent with recent quarters.”

That’s true — Netflix added 8.8 million net subscribers in the fourth quarter, on par with the 8.8 million added last year and ahead of the company’s internal forecast of 7.6 million.

But Netflix also acknowledged that growth...

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