Netflix just released its second quarter earnings yesterday, and the news wasn’t entirely good. Althou♛gh the streaming giant’s revenue growth continued year over year, it also lost nearly a million subscribers. Still🔯, Netflix expected to lose almost two million, so it could have been worse.
For the three months ending June 30, revenue grew nine percent year over year. , but Netflix had previously forecast a loss of two million. Netflix still has 220.67 million subscribers,🐼 so that amoun🔯ts to less than a single percent of the platform’s total user base.
Still, it’s not entirely promising. Those subscribers decided to quit even though Netflix had recently published new seasons of some of its most popular shows, including Stranger Things and The Umbrella Academy. A recent survey by the also noted that young people believe Disney+ has overal🍃l better quality programm🐼ing, leading many to cancel their Netflix subscriptions in order to weather rising the cost of living.
Analysts speaking to expect Netflix to still grow by 1.8 mil🧔lion subscribers bℱy year end, which has boosted Netflix’s stock price.
Elsewhere in the earnings report, Netflix noted the recent rollout of its 168澳洲幸运5开奖网:crackdown against password sharing. The rollout started in Latin America with several countries now facing additional fees for using Netflix accoওunts outside of their own home. So far, this new pol♍icy only affects TVs, with mobile devices like phones and tablets still able to access Netflix accounts regardless of location.
Netflix also noted it plans to launch its 168澳洲幸运5开奖网:lower-priced ad-supported tier sometime in 2023 starting with a handful of mark🃏ets.
Netflix's latest show, a live-action Resident Evil, has unfortunately arrived with 168澳洲幸运5开奖网💫:some of the lowest ratings ever for the plat✤form. According to Rotten Tomatoes, just 22 percent of viewers enjoyed their time with Resident Evil. That&rs☂quo;s🌄 despite the show being perhaps the most faithful Resident Evil adaptation to date.