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Netflix loses another million customers from April to July (ir.netflix.net)

submitted 2 years ago* (last edited 2 years ago) by thervingi@lemmy.ml to c/technology@lemmy.ml

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[–] agarorn@feddit.de 5 points 2 years ago (1 children)

Didn't the earnings go up 8%? To be honest. This does not sound too bad then.

[–] pingveno@lemmy.ml 3 points 2 years ago* (last edited 2 years ago) (1 children)

Even if earnings go up in the short term, a collapse in their customer base is eventually going to hit profits. It also affects share prices, since share prices are supposed to reflect the future value of the stock.

[–] agarorn@feddit.de 3 points 2 years ago (1 children)

Why do you think it will definitely collapse. Couldn't their subscriber numbers stabilise somewhere? 2

[–] pingveno@lemmy.ml 1 points 2 years ago

It could, but it's going to be a significant reduction from previous expectations.