Netflix Is Bleeding Subscribers With No End To the Losses In Sight

Still feelin' Cuties, Netflix?

Netflix lost 430,000 subscribers in the US and Canada in the second quarter and issued weaker than expected forecasts for later in the year, rekindling investor doubts over how the streaming group will fare after the economic reopening.

The California-based company predicted it would add 3.5 million subscribers in the third quarter, disappointing investors who were looking for a stronger rebound in the second half of the year. Analysts had forecast that Netflix would add 5.9 million subscribers during the third quarter.

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After adding a record number of customers last year, subscriber growth has slowed sharply as competitors entered the market and people emerged from coronavirus pandemic lockdowns.

Sign-ups have ground to a halt in the US, Netflix's largest market, where the majority of COVID restrictions have been rolled back.

Also way down are the ratings for the Olympics.

[R]atings are down more than 40% from just five years ago.

On top of the ratings for the opening weekend being down, ratings for the opening ceremony also hit a 33-year low.

All the way around, it was a bloodbath for NBC.

You had me at "It was a bloodbath for NBC."

The M-She-U's Black Widow continues falling -- it was down 67% in its second weekend, and now falls another 55% from there, making $11.5 million this past weekend.

Meanwhile...

The only media that will exist in ten years will be billionaires' propaganda sheets:

Die, media, die.

posted by Ace at 12:11 PM

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