Netflix: Netflix suffered a setback, more than nine and a half million users said goodbye in the second quarter

Posted on 20th Jul 2022 01:50 pm by rohit kumar

Netflix suffered a major setback in the second quarter. According to the report, 970,000 users left Netflix from April to June. This is the biggest quarterly loss in the company's history. Netflix was dropped by users in the first quarter as well, but this is much higher than the company's estimates.

 

 

Netflix announced in its letter to shareholders that it would launch ad-supported tiers in early 2023. Also, next year will see the official rollout of the paid sharing offer. Also, Netflix has announced that it is testing a new feature that will charge an additional $3 for sharing accounts with other users.

 

Also Read: New GST Rates 18 July: Packaged milk, flour, lassi, and paneer are costlier from today, GST on private beds in hospitals too

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