In the second quarter income report, the company revealed that they lost 9.70,000 customers, which was more than a decline of 2.00,000 members from the first quarter.
The second quarter is better than estimated membership growth, and foreign exchange worse than estimates (stronger US dollars), resulting in revenue growth of 9 percent (13 percent constant currency),” the company said in a statement.
Our challenges and opportunities are to accelerate our membership income and growth by continuing to improve our products, content, and marketing as we have done for the past 25 years, and to further monetize our large audience, “he added.
Netflix said he had 73.28 million customers paid in the US and Canada and 220.67 million worldwide and hoped to add one million in the third quarter.
According to Netflix, revenue increased 9 percent from year to year from $ 7.3 billion in 2021 to $ 7.97 billion in this quarter.
In April, the platform reported the loss of 2 customers paid in the first quarter of 2022 – the first customer loss in more than a decade.
In addition, Netflix estimates that the loss of customers paid global 20 LAKH for the second quarter of 2022. However, it only lost half.
