this post was submitted on 20 Jul 2023
150 points (92.1% liked)

Television

4620 readers
74 users here now

founded 1 year ago
MODERATORS
NewsAutoMod@lemmy.world
automodbeta@lemmy.world
150
Netflix earnings down (www.msn.com)
submitted 1 year ago by reddig33@lemmy.world to c/television@lemmy.world
31 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] skellener@kbin.social 9 points 1 year 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.