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I see a lot of focus on the "lost 200 000 subscribers", but less acknowledgement that they kicked 700 000 Russians off the subscriber list, meaning they actuall
by bruce511 5y ago
I see a lot of focus on the "lost 200 000 subscribers", but less acknowledgement that they kicked 700 000 Russians off the subscriber list, meaning they actually grew by 500 000 subscribers (still well short of wall streets expectation of 2.5 million.)
So in one sense it's a one-time drop, not a trend.
Does Netflix have more competition than before? sure. Is it growing as fast as before? no, especially as they reach saturation in some markets. Is this the "end of netflix"? um... no
- CamelCaseName 5y ago> So in one sense it's a one-time drop, not a trend. But it is a trend, they said to expect a 2 million subscriber loss in the following quarter.
- mcphage 5y agoYou're right, but the article posted includes statements like: > Two hundred thousand subscribers did not suddenly quit their subscriptions and start using their friends’ passwords. That implies the author thought this was a natural subscription drop and not a result of losing 700k subscribers in Russia. I'm not sure I have any confidence in their predictions about the future, since they're so clueless about what's happening today.
- rc_mob 5y agoYeah I hate the author of this article
- bombcar 5y agoLikely the very fact that there's been all these articles about Netflix losing will cause them to lose more.
- davidkuennen 5y agoExpectations are everything in the stock market. If wall street expected 2.5 million (most likely based on past growth and stock valuation) and Netflix reports a growth of 500k (if you keep the Russians in mind), it's a really really terrible result. It's 5 times below expectations. For me it looks like this could just be the beginning and they're losing a lot more in the following years.
- colechristensen 5y agoWhat? I read that as losing 200,000 subscribers not counting kicking off Russians so the actual number would be losing 900,000 subscribers.
- dehrmann 5y agoThis is also the end of the covid bump. People might even try to make up for lost time in the next year and leave their houses more than in 2019.