Just in case you were in any doubt, Netflix is doing very well for itself. The streaming giant has announced that it now has over 200 million subscribers to its name, with a large boost coming from people being stuck indoors and looking for entertainment during the coronavirus pandemic.

However, Netflix isn't going to be resting on its laurels, especially with hot competition from the likes of HBO Max and Disney+, and has recently announced that it will release an exclusive and original movie every week during 2021.

How Many Subscribers Does Netflix Have?

As revealed during its Q4 2020 shareholder report, Netflix now has nearly 204 million global subscribers.

Across 2020, it added 37 million members, accounting for $25 billion in annual revenue and operating profit of $4.6 billion.

The first quarter of 2020 alone saw a growth of 15.8 million subscribers, which the company accounts to the impact of initial COVID-19 lockdowns. As such, it has warned shareholders that it expects to net only 6 million subscribers during the equivalent quarter in 2021.

Interestingly, 83% of those subscribers came from outside the US and Canada. Europe, the Middle East, and Asia accounted for 41% (over 15 million), while the US and Canada saw far smaller growth of 860,000 new subscribers.

Netflix was also keen to let shareholders know that "we believe we​​ no longer have a need to raise external financing for our day-to-day operations," meaning the company can sustain itself with its own cash.

Can Netflix Survive Against Competition?

Netflix acknowledges that competitive services from the likes of Disney, WarnerMedia, and Discovery has led to an increased investment in its original content library.

Shows like The Crown and Bridgerton, and films like The Midnight Sky and Over the Moon, have all been big original hits for Netflix in the latter half of 2020.

62 million households watched The Queen's Gambit within its first month of release, making it the second most watched Netflix limited series after Tiger King.

Netflix has over 500 titles that are either in post-production or soon to launch on the service. Indeed, the company recently announced that it will release at least one new original film every week in 2021—and that doesn't even include the TV shows.

Netflix is also working on a number of features to help aid discovery, like the Shuffle Play feature to watch something random.

For now, Netflix leads in the streaming world, and it welcomes, rather than fears, the shared growth that the likes of HBO Max and Disney+ have brought. As the shareholder letter puts it:

Our strategy is simple: if we can continue to improve Netflix every day to better delight our members, we can be their first choice for streaming entertainment.