Netflix lost subscribers for the first time in a decade last quarter
Netflix’s struggle to boost its subscriber count took a dire turn in the first quarter of 2022. The company reported a loss of 200,000 subscribers globally compared to Q4, and it’s forecasting even bigger losses to come. Netflix estimates it could lose up to 2 million subscribers in the second quarter.. “Covid clouded the picture by significantly increasing our growth in 2020, leading us to believe that most of our slowing growth in 2021 was due to the Covid pull forward.
and login info as it seeks to maximize revenue from the users it already has. And it’s not a small problem: Netflix now estimates that as many as 100 million households are using the service via shared passwords. “It’s harder to grow membership in many markets,” as a result of the situation, Netflix said.
The slowdown in signups is reflective of a more competitive streaming landscape: Netflix is contending with more rival services than ever before, each vying for consumer eyeballs and attention. The competition is also getting cheaper, with Disney Plus announcing plans to offer
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Netflix Has Big Plans to Crack Down on Password SharingNetflix expected to crack down on password sharing after losing subscribers for first time in 10 years.
Weiterlesen »
Netflix loses a quarter of its value after reporting a shocking figure for the first quarterNetflix reports a drop in its subscriber count during the first quarter for the first time in a decade thanks to the suspension of the service in Russia.
Weiterlesen »
Netflix shares crater 25% after company reports it lost subscribers for the first time in more than 10 yearsNetflix shares crater 25% after company reports it lost subscribers for the first time in more than 10 years. - CNBC
Weiterlesen »
Netflix isn't blaming the pandemic recovery for its lost subscribers | EngadgetNetflix lost subscribers for the first time in a while, but it's not blaming the pandemic recovery — competition, account sharing and Russia were factors..
Weiterlesen »
Netflix loses 200,000 subscribers in first quarterNetflix cited several reasons for the subscriber loss, including rising competition and password sharing. Executives said they would consider a lower-priced option with ads.
Weiterlesen »
Netflix says it lost 200,000 subscribers in first part of the yearThe decline in the first quarter of 2022 is the first time the streaming service has lost subscribers in more than 10 years.
Weiterlesen »