Netflix Loses 970K More Subscribers In The Second Quarter
Netflix records a 970,000 subscriber drop in the second quarter of the year.
By Omotayo Olutekunbi
In the first two quarters of the year, the streamer lost almost 1 million users, according to numbers that were confirmed by the company on Tuesday.
Even though the loss was projected to be more than 2 million, Q2 fared better than planned, according to Netflix. The business now anticipates at least 1 million members by the third quarter.
Remember when in Q1 it was reported that there had been an extraordinary loss of 200,000 subscribers? The firm had made plans to save its revenue, including the introduction of an ad service and the recent layoff of 300 employees, when it first revealed the loss in April.
The market for streaming services worldwide is still dominated by Netflix, which has a 220.67 million subscriber base. The firm has reportedly grown by ‘approximately’ 8% this year, citing a story in The Hollywood Reporter. In the second quarter of 2022, it brought in $7.97 billion.
Follow Our Activities On Facebook
2 hours ago
4 hours ago
10 Book-To-Screen Adaptations You Should Read!
Adapting books to screen has always been a thing and it is not ending soon. As a reader seeing some…
#BigBrotherNaija “Level Up” Week 3
On Monday, the level 2 house was dealt a blow after pageant queen Beauty’s disqualification, followed by the double eviction…
Are Lavish Nigerian Weddings Still In?
The wedding industry in Nigeria has suffered a lot of setbacks in recent years, notably due to the lockdowns enforced…
Asaa Official teams up with VOAN Beauty to launch Luxury Lip Gloss Line in Enugu
Asaa Official, in collaboration with VOAN beauty, has launched a limited edition range of lip gloss. The Elegance lip gloss…
Movie Review; Glamour Girls (2022)
By Kosisochi Aghadinuno In the last few years, we’ve seen the Nollywood industry delve into remaking most of the old…
Movie Review; Breaded Life (2021)
By Kosisochi Aghadinuno “An irresponsible young man in conflict with his mother wakes up one day and to his surprise,…
Jabeur’s injury curtails Serena Williams’ comeback
By Nmachi Dike Serena Williams and Ons Jabeur have withdrawn from the Eastbourne doubles because of a right knee injury…
CBN Freezes Risevest, Bamboo, Trove and Chaka Bank Account.
Central Bank of Nigeria has frozen the accounts of Risevest, Bamboo, Trove, and Chaka founders for the next six months.
Hacklab Foundation Partners BlueAfric Media to Host AI Hackathon in Nigeria
The largest hackathon in West Africa is set to take place in Lagos, Nigeria, with BlueAfric Media at the forefront of communications for the event.