Netflix Reports Largest Quarterly Loss of Subscribers

Netflix Reports Largest Quarterly Loss of Subscribers

Netflix Reports Largest , Quarterly Loss of Subscribers .

Netflix Reports Largest , Quarterly Loss of Subscribers .

CNET reports that Netflix lost fewer subscribers than expected last month, while also reporting a significant decrease in overall members.

CNET reports that Netflix lost fewer subscribers than expected last month, while also reporting a significant decrease in overall members.

Earlier in 2022, Netflix reported its first decline in membership in over a decade.

That subscriber dip was expected to plunge even deeper this quarter.

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On July 19, Netflix released its second-quarter report.

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According to the report, subscribers fell by 970,000 to reach a total of 220.67 subscribers in April through June.

While it's the largest decline in members the company has ever reported, Netflix remains the world's dominant streaming-video subscription service.

In April, Netflix had predicted losing 2 million members worldwide.

It's tough, in some ways, losing 1 million and calling it success.

But really, we're set up very well for the next year, Reed Hastings, Netflix co-CEO, via CNET.

It's tough, in some ways, losing 1 million and calling it success.

But really, we're set up very well for the next year, Reed Hastings, Netflix co-CEO, via CNET.

On July 20, shares of Netflix were up 4% in premarket trading, reaching $209.72.

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Stock in the streaming giant has still lost two-thirds of its value in 2022.

CNET reports that Netflix is now testing new schemes to increase its membership, including an account-sharing plan and a cheaper subscription with advertisements.

CNET reports that Netflix is now testing new schemes to increase its membership, including an account-sharing plan and a cheaper subscription with advertisements