this post was submitted on 20 Jul 2023
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Netflix earnings down (www.msn.com)
submitted 2 years ago by [email protected] to c/[email protected]
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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.

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[–] [email protected] 2 points 2 years ago (1 children)

Netflix earnings are not "down," they're just not growing as fast as The Market wants them to. This title is heavily editorialized and wrong.

[–] [email protected] 1 points 2 years ago

This should be the number one comment, as it’s actually reflecting what the article says. I guess people just don’t like to hear it.

[–] [email protected] 0 points 2 years ago (1 children)

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

[–] [email protected] 0 points 2 years ago (1 children)

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

[–] [email protected] 0 points 2 years 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.