Netflix losses: The streaming giant’s biggest threat is competitors are catching up

Netflix is having a miserable year. The streaming giant shed 200,000 subscribers in the first quarter of 2022 — its first loss in more than a decade — and dropped around 1 million more in quarter two. The company’s woes have sparked concerns that video streaming is dying, but research suggests that there’s plenty of life left in the sector. A May study by Hub Entertainment Research estimated that 89% of US consumers subscribed to one in streaming service in 2022 — an 11% increase on the previous year. “Netflix’s subscriber loss in Q1 of 2022, and its anticipated losses…

This story continues at The Next Web

Or just read more coverage about: Netflix

from LatestTechyTalks