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.

  • Red0ctober@lemmy.world
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    1 year ago

    Turns out infinite growth isn’t possible and consumers will move on when a service becomes stale.

    • fer0n@lemm.ee
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      1 year ago

      If you read the article, Netflix gained subscribers and revenue also grew. Just not as much as shareholders were hoping for

    • Hikiru@lemmy.world
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      1 year ago

      What is it with the obsession with infinite growth for every company anyways? Why can’t they be happy with a stable, still extremely high, income? The people at the top already have more money than they need but still want more for no reason

      • BlackSpasmodic@lemmy.dbzer0.com
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        1 year ago

        It’s capitalism. Driving the economy by profit means that each company has to race to obtain as much profit as possible, or risk losing to their competitors who are trying to do the exact same thing.