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Netflix earnings down (www.msn.com)
submitted 1 year ago by reddig33@lemmy.world to c/television@lemmy.world
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All the naysayers were correct. Netflix is losing money and subscribers in North America.

Netflix did add subscribers, but not in the markets where they cracked down on password sharing. They added subscribers in countries where they don’t charge very much for subscriptions. So they didn’t make much money from the new subs.

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[-] Aesthesiaphilia@kbin.social 5 points 1 year ago

Why can’t they be happy with a stable, still extremely high, income?

Shareholders. If you buy a share of a company for $5, you expect it to go up in value so you can make money from your investment.

Any publicly traded company must (by law!) try to maximize profit beyond what they're already doing, to satisfy shareholders. They could be sued if they don't.

this post was submitted on 20 Jul 2023
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