Will More Subscribers Cancel Netflix in 2021?
Netflix (NASDAQ: NFLX) added over 36 million new subscribers in 2020, about 8 million more than in each of the prior two years. The surge in signups is attributed to the coronavirus pandemic keeping more entertainment-hungry consumers at home. But when restaurants and entertainment venues (hopefully) reopen this year, Netflix could see all those new subscribers cancel. The introduction of several new streaming options over the last year and a half could put added pressure on the video-streaming leader.
But there are a couple of reasons for Netflix investors to remain optimistic the streamer's churn rate will remain stable in 2021.
Image source: Netflix.
Source Fool.com
