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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/4\/19\/23032399\/netflix-lost-subscribers-q1-2022-earnings<\/a> Netflix\u2019s struggle to boost its subscriber count took a dire turn in the first quarter of 2022. The company reported a loss of 200,000 subscribers globally compared to Q4, and it\u2019s forecasting even bigger losses to come. Netflix estimates it could lose up to 2 million subscribers in the second quarter. <\/p>\n \u201cOur revenue growth has slowed considerably,\u201d Netflix acknowledged in its letter to shareholders<\/a>. \u201cCovid clouded the picture by significantly increasing our growth in 2020, leading us to believe that most of our slowing growth in 2021 was due to the Covid pull forward.\u201d Netflix ended the quarter with roughly 222 million subscribers, so it\u2019s still the largest streamer \u2014 but it\u2019s facing a slew of challenges.<\/p>\n In January, Netflix announced its first monthly subscription increase in two years<\/a>. Today\u2019s earnings report contains the aftermath: Netflix says it lost 600,000 customers across the US and Canada and that this was \u201clargely the result of our price change which is tracking in-line with our expectations.\u201d <\/p>\n
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