Current Events > Netflix loses 970k subscribers in its largest quarterly loss ever

(+) Yeah! (+)

Good.

Netflix: "we stand by Chappelle. Also ads"

Everyone: (cancels)

Netflix:
https://gamefaqs.gamespot.com/a/user_image/3/1/5/AARixHAADMbD.jpg

I think more people are just making it a normal thing to cancel subs to streaming services while they build up new content than anything else. right now i don't have anything subbed because there isn't any stuff i'm interested in that i havn't already seen

EDIT: I sincerely doubt the Chappelle stuff caused more than a couple thousand to unsub, if that many. Most of the anger is just terminally online people who wanted everyone else to know THEY WERE MAD.

Netflix: "we stand by Chappelle. Also ads"

Everyone: (cancels)

Netflix:
https://gamefaqs.gamespot.com/a/user_image/3/1/5/AARixHAADMbD.jpg

They are making decisions with the mindset "hey, this will get us some revenue and benefit our shareholders!"

But the changes make people want to stop using the service all together... isn't there a famous saying for this situation?

This year, Netflixs stock was on a decline of approximately 70%. The market valuation has decreased from $300 billion to under $90 billion in less than a year. After the company reported it lost fewer subscribers than anticipated, Netflix shares increased 8%....

They took away content that people wanted, raised the price without any justification, and banned account sharing. Did they seriously have groups of marketing people telling them this was anything but a horrible idea? Im glad Im not a shareholder in this.

Not saying Chappelle caused an exodus but it definitely hurt people's opinions and everyone has a different breaking point. Some people who disliked the account sharing changes but not enough to cancel may have changed their minds because of Chappelle.

It's pretty rare that people cancel a service they've used for years because of a single policy change. It's usually a lot of little things that add up.

The company reported a total of 220.67 million subscribers and said it expects to add one million in the third quarter.

......

In April, the company reported that it had lost 200 million subscribers in the first quarter of 2022 the first big loss in over a decade.

Today, Netflix announced in its letter to shareholders that it will launch the ad-supported tier in the early part of 2023. Also, next year will see the official rollout of the paid sharing offering.

Netflix announced yesterday it is testing an add a home feature that will charge an extra $3 to share accounts with other households.

youve been following our streaming coverage, then you know that Netflix is having a horrible year. In April, the company reported that it had lost 200 million subscribers in the first quarter of 2022 the first big loss in over a decade.

All depends on stock price. They went up 5% before the earnings call. Tomorrow will show what the market thought of a less-than-forecasted decline.

Jesus fucking Christ, what moron thought this was a good idea

In April, the company reported that it had lost 200 million subscribers in the first quarter of 2022

I think more people are just making it a normal thing to cancel subs to streaming services while they build up new content than anything else. right now i don't have anything subbed because there isn't any stuff i'm interested in that i havn't already seen

EDIT: I sincerely doubt the Chappelle stuff caused more than a couple thousand to unsub, if that many. Most of the anger is just terminally online people who wanted everyone else to know THEY WERE MAD.

Not saying Chappelle caused an exodus but it definitely hurt people's opinions and everyone has a different breaking point. Some people who disliked the account sharing changes but not enough to cancel may have changed their minds because of Chappelle.

It's pretty rare that people cancel a service they've used for years because of a single policy change. It's usually a lot of little things that add up.