Author: Emma Roth
Illustration by Alex Castro / The Verge
After Netflix reported losing subscribers for the first time in over a decade last quarter, the company’s Q2 earnings report revealed the number of worldwide subscribers dipped by 1 million, including a drop of 1.28 million in the US and Canada alone between the end of March and the end of June. That’s better than its projection of losing 2 million worldwide, but the subscriber shortfall in the US and Canada is double the 600,000 drop it reported for Q1. Netflix now reports it has 73.28 million paid subscribers in the US and Canada and 220.67 million worldwide.
This comes nearly a week after Netflix announced a partnership with Microsoft on its cheaper ad-supported tier that it expects to launch by early next year. In the letter,...
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Illustration by Alex Castro / The Verge
After Netflix reported losing subscribers for the first time in over a decade last quarter, the company’s Q2 earnings report revealed the number of worldwide subscribers dipped by 1 million, including a drop of 1.28 million in the US and Canada alone between the end of March and the end of June. That’s better than its projection of losing 2 million worldwide, but the subscriber shortfall in the US and Canada is double the 600,000 drop it reported for Q1. Netflix now reports it has 73.28 million paid subscribers in the US and Canada and 220.67 million worldwide.
This comes nearly a week after Netflix announced a partnership with Microsoft on its cheaper ad-supported tier that it expects to launch by early next year. In the letter,...
Continue reading…
Continue reading...