this post was submitted on 20 Jul 2023
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Television

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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.

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[–] MisterMoo@kbin.social 40 points 1 year ago (1 children)

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.

[–] fer0n@lemm.ee 12 points 1 year ago

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.