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Re: Streaming services news, offers and general chit chat
Talking about subscriber losses:
Quote:
Netflix shares drop 22% after it loses 200,000 subscribers
That was far worse than a conservative gain of 2.5 million subscribers forecast by Netflix management.
Netflix’s video streaming service suffered the first loss in worldwide subscribers in its history, deepening troubles that have been mounting since enjoying a surge from a captive audience locked down during the pandemic’s early stages.
The company’s customer base fell by 200,000 subscribers during the January-March period, according to a quarterly report released on Tuesday.
That was far worse than a conservative gain of 2.5 million subscribers forecast by Netflix management.
Now Netflix is bracing for things to get even worse with a projected loss of another two million subscribers during the April-June period.
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https://www.belfasttelegraph.co.uk/n...-41568099.html
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