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Netflix Loses Net Subscribers- Expects 2 Million More Loss of Netflix Subscribers

Steaming giant posts net subscribers' loss in a decade. It cites geopolitical factors, inflation, and password sharing as significant factors.

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Netflix Loses Net Subscribers- Expects 2 Million More Loss of Netflix Subscribers

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  1. Netflix Loses Net Subscribers- Expects 2 Million More Loss of Netflix Subscribers Streaming platform Netflix reported a loss in its subscriber base for the first time since 2011. The Silicon-based company reported $1.6 billion as net revenue for the March quarter in 2022 against $1.7 billion for the same quarter last year. The subscriber loss and declining earnings caused the share price of Netflix to plummet by 21% as Wall Street reacted negatively to a loss of around 200,000 subscribers in the first quarter of this fiscal and the company predicted a similar decline in subscribers in the second quarter. Netflix attributed the headwinds for revenue growth to the growing competition, high household penetration, and the raising of subscription fees in the U.S. and Canada. You can find more details in this link :- https://businessupside.com/netflix-loses-net-subscribers- expects-2-million-more-loss-of-netflix-subscribers ------------------------ Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU- B2tRIBDYntmaw https://twitter.com/BusinessUpside1 https://www.instagram.com/businessupsideusa/ https://www.linkedin.com/company/businessupside/ https://www.pinterest.com/businessupside2021/

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