By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
EveryTechEverEveryTechEver
  • News
    NewsShow More
    HUAWEI launches WATCH FIT 4 & WATCH 5 in Berlin 2025
    May 18, 2025
    New Altos BrainSphere T15 F6 Server Features AMD EPYC 4005
    May 16, 2025
    Sony WH-1000XM6: Noise Cancelling Headphones for Audiophiles
    May 16, 2025
    Epson and Haribon Join for Coastal Cleanup
    March 24, 2025
    Power Mac Center backs Bataan LGU bid to upskill teachers
    March 13, 2025
  • Tech
    • Mobile
    • Computing
    • Auto
    • Cybersecurity
    • FinTech
  • Gaming
    GamingShow More
    Acer
    Acer Leads Notebook Markets in the Philippines
    March 29, 2025
    NVIDIA GeForce RTX 50 Series: Dual Front Fans Design Return?
    January 5, 2025
    New ASUS ROG Swift OLED: 4K 240Hz Gaming Monitor Unveiled
    January 5, 2025
    Thunderobot ZERO Gaming Laptop Debuts at CES 2025
    January 5, 2025
    GPD Win Max 2 (2025) Mini Gaming Laptop Launched
    December 8, 2024
  • Lifestyle
    • Entertainment
    • Shopping
    • Appliances
    • Wellness
  • How-To
  • Reviews
    ReviewsShow More
    Redmi Note 14 Pro+ 5G Review: The Midrange King of 2025?
    Aurvana Ace 2 Review: Creative’s Comeback Earbuds Impress
    Marshall Major V Review: 100+ Hours of Playtime & Bold Sound
    Marshall Minor IV Review: A Premium Pair of Earbuds with a Vintage Touch
    Tecno Spark 30C – Redefining entry-level smartphone
  • About Us
    • Contact Us
Search
© 2023 EveryTechEver. Your daily source of everything tech. All Rights Reserved.
Reading: Netflix lost 200,000 customers for the first time in a decade
Share
Sign In
Notification Show More
Font ResizerAa
EveryTechEverEveryTechEver
Font ResizerAa
Search
  • News
  • Tech
    • Mobile
    • Computing
    • Auto
    • Cybersecurity
    • FinTech
  • Gaming
  • Lifestyle
    • Entertainment
    • Shopping
    • Appliances
    • Wellness
  • How-To
  • Reviews
  • About Us
    • Contact Us
Have an existing account? Sign In
Follow US
© 2023 EveryTechEver. Your daily source of everything tech. All Rights Reserved.
EveryTechEver > Blog > Mobile > Netflix lost 200,000 customers for the first time in a decade
Mobile

Netflix lost 200,000 customers for the first time in a decade

RV Cuarto
Last updated: April 20, 2022 6:48 PM
RV Cuarto
Share
3 Min Read
SHARE

Netflix released its quarterly report yesterday, and the results for the months of January and March were underwhelming. The streaming service was projected to gain 2.5 million customers in the first three months of the year but instead lost 200,000. Netflix,

The company blamed inflation, the Ukraine conflict, and intense competition, and forecasted even more losses in the future, signaling a sudden turn in fortune for a streaming firm that thrived during the pandemic.

“The number caused the company’s stock to plummet by nearly 25% in after-hours trade.”

Netflix CEO Reed Hastings stated that he dislikes “the complexity of advertising” and favors “the simplicity of subscription,” but that he is also “a supporter of consumer choice,” implying that the business is considering introducing a cheaper ad-supported tier.

Netflix had 4 million paying subscribers over the same January-March period in 2021, but only 0.5 million this year. However, since leaving Russia, the network has lost 700,000 members, resulting in a net loss of clients for the first time since October 2011.

- Advertisement -

The primary hurdle ahead is the soft acquisition, but Reuters points out that Netflix is now paid by 100 million households in the United States, and the firm should try to expand into other regions. Rivals such as HBO Max and Disney are also putting up a tough fight.

netflix
Stranger Things Season 4 Set to Premiere in 2022

Despite the reintroduction of huge titles like “Stranger Things” and “Ozark,” all major streaming services are projecting slower growth, with Netflix predicting that 2 million more users will cease paying in the next three months.

These figures resulted in a dramatic loss in value, with Netflix shares dropping 26% after the bell on Tuesday, wiping out $40 billion in market capitalization. Competitors were also hit by the downturn: Roku was down 6%, Walt Disney was down 5%, and Warner Bros. Discovery was down 3.5 percent. Netflix has lost half of its value since announcing in January that it expected slow subscriber growth.

The new Nokia 8210 4G and 2660 Flip are now available nationwide
Infinix Zero 5G is now official for only Php10,999
The latest Pixel 9 series leaks reveal a size difference
OnePlus 13 Launching October 31 with Snapdragon 8 Elite
Infinix Hot 11s is set to launch in the Philippines

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Share
ByRV Cuarto
Follow:
RV Cuarto is the founder and editor-in-chief of EveryTechEver, a startup team of writers and researchers. He started in tech journalism in the early days of 2012 as the founder of the successful tech site Nokia Revolution. His belt of experience spans across the industry, from consumer electronics, data operations, and cloud computing, with several brands including Dell, Nokia, Realme, and Huawei. He is also an HIV advocate and a public speaker. He spends his free time singing, playing mobile games, and experimenting with new recipes in his kitchen. Follow him on Tiktok.
Previous Article AMD unveils 6nm Ryzen 6000 with ultrafast RDNA2
Next Article Monster Gaming Airmars N1 Headset Review
Leave a Comment Leave a Comment

Leave a ReplyCancel reply

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

Palo Alto Networks APJ Study Reveals Mid-Market Cyber Resilience Gaps
Cybersecurity Tech
May 30, 2025
HUAWEI FreeArc: Open-Ear Audio Tested by Athletes at Pretty Huge
Accessories Wearables
May 28, 2025
Xiaomi XRING O1 SoC Debuts with New 15S Pro & Pad 7 Ultra
Mobile
May 28, 2025
TECNO CAMON 40 Specs, Features & Sarah G TikTok Challenge!
Mobile
May 28, 2025
//

Your daily source of everything tech.

//

We influence 20 million users and is the number one business and technology news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

EveryTechEverEveryTechEver
Follow US
© 2023 EveryTechEver. Your daily source of everything tech. All Rights Reserved.
  • Privacy Policy
  • Terms of Service
  • Contact Us
 

Loading Comments...
 

    adbanner
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?