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200,000 users abandon Netflix after crackdown backfires (www.forbes.com.au)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.

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[-] theluckyone@lemmy.world 7 points 1 year ago

Netflix can't implement three different changes to its business model and then cherry pick one of those changes as the reason for the increased revenue. Well, maybe not can't... They're certainly trying to, and some folk are eating it up, apparently.

If the tire is flat on my car, and I:

give the roof of my car a kiss
pray to [deity] to fix it
use an air compressor to inflate it

... I shouldn't go around telling folk God fixed my flat tire.

[-] SMITHandWESSON@lemmy.world -2 points 1 year ago

Cool, but that analogy doesn't work with how companies are valued.

The only thing that matters to the stock market is growth. It doesn't matter how you get there (most of the time), as long as you're posting positive numbers and your outlook looks good.

[-] theluckyone@lemmy.world 1 points 1 year ago

That's not the argument you were making.

[-] theluckyone@lemmy.world 0 points 1 year ago

Ah, my apologies... You're not the original commenter. Point still stands, though... It's not the argument the original commenter put forth.

[-] SMITHandWESSON@lemmy.world -2 points 1 year ago

Netflix can't implement three different changes to its business model and then cherry pick one of those changes as the reason for the increased revenue.

Bro it's not a guessing game they release this information in thier quarterly financial statements....

https://ir.netflix.net/financials/quarterly-earnings/default.aspx

Tackling account sharing between households has been another focus as it undermines our ability to invest to improve Netflix for our paying members and grow our business. In May, we expanded paid sharing to 100+ countries, which account for over 80% of our revenue.

The cancel reaction was low and while we’re still in the early stages of monetization, we’re seeing healthy conversion of borrower households into full paying Netflix memberships as well as the uptake of our extra member feature. We are revenue and paid membership positive vs. prior to the launch of paid sharing across every region in our latest launch

[-] theluckyone@lemmy.world 2 points 1 year ago

Feeling a bit like a broken record. Alrighty, bro... You explain to me what metrics Netflix is using to differentiate the impact their password sharing policy changes made opposed to the other changes they made. I read over their documentation, and didn't see it.

this post was submitted on 29 Aug 2023

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