Netflix noted that it continues to grow in the face of new streaming services while simultaneously acknowledging competition may hurt future growth.
Netflix noted 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."
But Netflix also acknowledged that growth in the U.S. and Canada is slowing rather dramatically. The company added just 550,000 net subscribers in the region this quarter , down from 1.75 million in the same quarter one year ago. Netflix doesn't shy away from the reason, noting "U.S. competitive launches" as one of the primary factors causing fewer people to sign up.
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