Netflix is Hurting… Except in Mobile Game Downloads

The company reported a loss of 200,000 subscribers in its Q1 report, making it the first time in over a decade the streamer’s subscriber base shrunk. But it gets worse…

The company expects it may lose another 2 million more subs in Q2, which it will report July 19^th after the closing bell.

But it’s not all doom and gloom for Netflix. Its move into the video game market looks like it’s finally paying off.

Since January of this year, it’s estimated that Netflix-published video games have seen 5 million downloads. In total, the company may now have 13 million gaming downloads globally!

The video game industry is now larger than both Hollywood and the music industry combined. Netflix’s recent concentration on video games may be either a stroke of genius, or it simply saw the writing on the wall…

The video game industry is the place to be!

Netflix Games has published 24 mobile titles thus far. One title alone, Stranger Things 1984 is nearing 2 million downloads, with another title, Asphalt Xtreme, has garnered 1.8 million of its own.

Since entering the space, Netflix has seen over 1 million downloads per month. While streaming TV and Movie subscriptions are falling, video game downloads are rising. Should the company stay on its current download pace, it may add 7 million more installs by years’ end.