this post was submitted on 20 Jul 2023
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Netflix earnings down (www.msn.com)
submitted 2 years ago by reddig33@lemmy.world to c/television@lemmy.world
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All the naysayers were correct. Netflix is losing money and subscribers in North America.

Netflix did add subscribers, but not in the markets where they cracked down on password sharing. They added subscribers in countries where they don’t charge very much for subscriptions. So they didn’t make much money from the new subs.

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[–] skellener@kbin.social 9 points 2 years ago

Except that…. https://www.macrumors.com/2023/07/19/netflix-gains-six-million-subscribers-q2-2023/

According to Netflix, revenue is up in every region where paid sharing was introduced, and sign-ups have exceeded cancelations. The company saw revenue growth of 2.7 percent year over year. Going forward, Netflix expects revenue growth to accelerate further as it begins to see the full benefits of paid sharing and additional adoption of its ad-supported plan.