Netflix Faces Another Massive Subscription Loss: Report
View Source | September 29, 2022 2:30 am
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- Netflix could face another massive loss by the end of the year after recently facing its most significant drop in subscribers in the company’s history.
- The staggering statistic estimates approximately 18 million users would discontinue their plan, resulting in about $272 million in revenue loss.
- Netflix’s basic one-screen plan went up by 11 percent in January 2022 for the first time in three years, while standard and premium plans increased by 20 percent and 25 percent in the same period.
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