Number of Netflix subscribers has decreased

21.01.2022,15:52


January 21, Fineko/abc.az. The number of people who signed up for a paid subscription to streaming service Netflix in Q4 of 2021 was lower than the forecasts of the company itself.

ABC.AZ reports that by the end of Q3 of 2021, the company predicted that by the end of 2021 the number of the paid Netflix subscribers will reach 222.06 million people.

However, according to Thursday’s reports, by the end of Q4 there were only 221.84 million of them. At that, the company expects that at least 2.5 million people will subscribe in Q1 of 2022.

Against the background of the publication of quarterly reports, the value of Netflix shares fell by 20% after the close of trading on the New York Stock Exchange.