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.
Netflix earnings are not “down,” they’re just not growing as fast as The Market wants them to. This title is heavily editorialized and wrong.
This should be the number one comment, as it’s actually reflecting what the article says. I guess people just don’t like to hear it.
@reddig33 For me Netflix was good until 2015 after that they started to cancel TV series with 2 or 3 seasons without a proper story closing. Then I moved to Prime Video which was good until 2021 when they canceled Bosch just to move its sequel to Freevee (free version of Prime Video with ads).
Then again I moved to HBO, which has been nice (in terms of high quality content delivery) if it weren’t for the HBO+Discovery merger. Which brings high “quality” content like the Kardashians.Turns out infinite growth isn’t possible and consumers will move on when a service becomes stale.
What is it with the obsession with infinite growth for every company anyways? Why can’t they be happy with a stable, still extremely high, income? The people at the top already have more money than they need but still want more for no reason
It’s capitalism. Driving the economy by profit means that each company has to race to obtain as much profit as possible, or risk losing to their competitors who are trying to do the exact same thing.
