Netflix just lost a bunch of subscribers, predicts it's going to get much worse
Headline from KGW Portland
Netflix announced Tuesday it lost 200,000 subscribers in the first quarter of 2022, causing stocks to plummet. And the losses are expected to get much worse.
KGW Portland's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Netflix announced Tuesday it lost 200,000 subscribers in the first quarter of 2022, causing stocks to plummet. And the losses are expected to get much worse.
SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days.
Netflix Inc lost subscribers globally in the first quarter and expects to lose even more this spring, as the streaming giant grapples with growing competition from rival services and rampant account sharing among its customers.
Netflix announced Tuesday it lost 200,000 subscribers in the first quarter of 2022, causing stocks to plummet. And the losses are expected to get much worse.
SAN FRANCISCO — Netflix's video streaming service suffered the first loss in worldwide subscribers in its history, leading to a massive sell-off of its shares. The company's customer base fell by 200,000 subscribers during the January-March period, according to a quarterly report released Tuesday; i…
Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 26% in extended trading amid concerns that the pioneering streaming service may have already
As it loses paying subscribers, Netflix is setting its sights on those who leech of other people's accounts. Its shares have plunged as it predicts large subscriber drops this quarter.
Netflix posted a big earnings miss yesterday as it reported that it lost 200,000 subscribers, the opposite of the constant growth it wants to see. Wall Street analysts can parse why this is, but if you’ve used the service and its competitors recently, you’ll know that the answer is pretty clear.
