Netflix said on Tuesday (19) that it lost subscribers for the first time since 2011. According to information from Reuters, the negative balance of about 200,000 subscribers worldwide in the first quarter caused the streaming giant’s shares to lose 26 % of value.
Since January, when he warned that he expected a timid growth in the number of subscribers, the company has lost almost half of its market value.
For the first quarter, Netflix expected to attract 2.5 million more subscribers, but inflation, the war in Ukraine (in Russia, where the service was suspended, the company lost 700,000 customers) and increased competition prevented it. that the goal was achieved. The company also cited that the large number of subscribers who share passwords has been a drag on growth.
Netflix currently has 221.6 million subscribers. According to Reuters, the company now projects that in the second quarter it should lose 2 million customers.
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