www.cnn.com/2022/04/19/media/netflix-earnings/index.html

After shares tanked earlier this year because of concerns over its subscriber growth, the streaming leader said that it lost subscribers when it reported first quarter earnings on Tuesday.

Netflix (NFLX) now has 221.6 million subscribers globally. It lost 200,000 subscribers in the first quarter of 2022, the company reported on Tuesday. The service was expected to add 2.5 million subscribers, and it said it expects to lose another 2 million subscribers in the second quarter of 2022.

The report sent the stock down as much as 25% in after-hours trading.

Netflix's fourth quarter profit was $1.5 billion, down from $1.7 billion in the year-earlier quarter. Revenue jumped 9.8%, to $7.8 billion.

It cannot be overstated just how bad of a report this is for the king of streaming right now. The company's stock has fallen more than 40% year to date, and coming into the earnings there was a lot of concern from investors regarding its growth -- concerns that were realized Tuesday with Netflix missing not only the low bar of its own expectations but losing thousands of subscriptions to boot — something that hasn't happened at the company in more than a decade.

The rising cost of living in Britain has led to households cancelling their streaming subscriptions, new research suggests.

https://www.bbc.co.uk/news/business-61139483

I’ve never signed up for Netflix.

In the next few the same will happen to Disney+.

I’ve never signed up for Netflix.


Why is that?

There appears to be a theory that Netflix is tanking because people are tiring of the woke ideology being peddled on much of the programming there. Elon Musk, who seems to be shaking things up everywhere lately, Twittered this:

The woke mind virus is making Netflix unwatchable

— Elon Musk (@elonmusk) April 20, 2022

I myself have Netflix, but I find I seldom watch it, save for nature documentaries, usually by the great Sir David Attenborough, and the occasional music documentary.

There appears to be a theory that Netflix is tanking because people are tiring of the woke ideology being peddled on much of the programming there. Elon Musk, who seems to be shaking things up everywhere lately, Twittered this:

The woke mind virus is making Netflix unwatchable

— Elon Musk (@elonmusk) April 20, 2022

I myself have Netflix, but I find I seldom watch it, save for nature documentaries, usually by the great Sir David Attenborough, and the occasional music documentary.


I also have Netflix but I will go to Netflix when there's something interesting that I want to watch.

Why is that?


I’m too cheap. I figure so long as I can pick up free TV over the airwaves, why pay for it?

I’m too cheap. I figure so long as I can pick up free TV over the airwaves, why pay for it?


Let me ask you, how are you getting this "Free TV"?

Let me ask you, how are you getting this "Free TV"?


Network TV has ALWAYS been free, Howard.

Now I hear that Netflix may start running commercials on their platform. I guess they are not losing subscribers fast enough.  ::)

Let me ask you, how are you getting this "Free TV"?


TV antenna.

There appears to be a theory that Netflix is tanking because people are tiring of the woke ideology being peddled on much of the programming there. Elon Musk, who seems to be shaking things up everywhere lately, Twittered this:

The woke mind virus is making Netflix unwatchable

— Elon Musk (@elonmusk) April 20, 2022

I myself have Netflix, but I find I seldom watch it, save for nature documentaries, usually by the great Sir David Attenborough, and the occasional music documentary.


Ooh...have you seen the series about Formula One racing??? It's actually pretty awesome.  8)

This may mark the start of the mid 2020s.