As new policies continue to emerge, Netflix little by little it is losing the trust of its subscribers, a reason that has led thousands of people to stop paying their membership. And now, it is reported that just over a million users are no longer carrying out their payment, this is due to price increases and other issues.
It is worth commenting that this is somewhat good for the brand, as much as it wants to sound negative, given that its forecasts indicate that two million would be the figure that was being taken into account. Earlier this year, the 25-year-old company reported its first quarterly decline in subscribers, around 200,000, in more than a decade.
In its quarterly letter to shareholders, the company said it was concerned about the rate at which its revenues would grow in the future. Reporting roughly $8 billion in quarterly revenue, a marginal improvement over the $7.9 billion it reported in the previous quarter, so this loss didn’t hurt as much as you might think.
Here are their statements:
Reaccelerating our revenue growth is a big challenge. But we’ve been through tough times before. We have built this company to be flexible and adaptable, and this will be a great test for us.
In news related to Netflix. They stated that they would be making charges for each new house that shared an account, we leave you all the info here.
Via: NBCnews