Netflix crowns itself king of TV, but loses to ‘Fortnite’
Netflix claims to command 10 percent of America’s TV time in its latest quarterly report on Thursday, which also called out “Fortnite” as its biggest competitive concern.
The streaming behemoth said fourth-quarter earnings increased 27.4 percent to $4.19 billion, which was slightly below Wall Street analyst forecasts. However, subscriber growth was 8.8 million, beating expectations and bringing its subscriber base to 139.3 million.
“In the U.S., we earn about 10 percent of television screen time,” Netflix announced in its shareholder letter, “and less than that of mobile screen time.”