Friday, 24 March, 2023

Netflix subscriber count goes down for the first time in 10 years

<p>Netflix has announced that they have lost about 200,000 subscribers during Q1 2022 which is the first time since October 2011 the company has lost subscribers. The company is also expecting to lose another 2M in Q2 2022. The price hike in January 2022 also resulted in a loss of 600,000 subscribers in the US and Canada. The company also see this change in subscriber count due to things like password sharing, increased competition and the withdrawal from Russia.</p>