Ads
Netflix lost 200,000 subscribers in the first quarter as it fell way short of its earlier forecast of adding 2.5 million subscribers. The company said several factors were behind this, including inflation, the war in Ukraine and fierce competition. This has happened for the first time in more than a decade, the company said, and predicted further losses going ahead.
So, is this a warning sign? Does the company have an unstable future? How will it revive? What’s the situation in India? Take a look:
🗞 Subscribe Now: Get Express Premium to access our in-depth reporting, explainers and opinions 🗞️
For all the latest Explained News, download Indian Express App.
Ads
