Netflix confirms move into video games as it report worst slowdown
Netflix reported its worst slowdown in subscriber growth in eight years as people emerge from their pandemic cocoons. So it’s adding a new attraction to its marquee: Video games.
On Tuesday, the video streaming giant announced it will offer video games in its existing subscription plans at no extra cost, but didn’t say when that service will launch or what kind of games it will be developing.
The confirmation of the long-anticipated expansion came in conjunction with the release of Netflix’s latest earnings report. That financial breakdown showed the video service added 1.5 million subscribers during the April-June period.
That’s slightly better than the modest increase that management forecast after the service stumbled to a sluggish start during the winter months, but still far below its growth rate in recent years.