Despite Losing 200,000 Subscribers, Netflix Revenue Still Grows

Technology & Telecommunications

Premium

Cindy Mutia Annur 29/04/2022 17:30 WIB

URL has been copied

Memuat...

Despite losing 200,000 subscribers, Netflix's revenue for Q1 2022 still grew by 9.7% compared to the previous quarter.

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Despite Losing 200,000 Subscribers, Netflix Revenue Still Grows”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Netflix Quarterly Revenue (2018-2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The Netflix streaming service reportedly lost 200,000 subscribers in the first quarter of 2022. However, Netflix's revenue during this period still grew to its highest level since 2018.

According to Netflix's financial report, the company earned US$7.86 billion, or approximately Rp113.82 trillion (at an exchange rate of Rp14,482/US$), from January to March 2022.

This figure represents an increase of approximately 9.77% compared to the same period in 2021 (year-on-year/yoy), when revenue totaled US$7.16 billion.

The company's operating income also saw a slight increase of 1.02% (yoy) to US$1.97 billion. Meanwhile, Netflix's net income reached US$1.59 billion in the first quarter of 2022.

Although the figures are still increasing, Netflix considers the revenue growth in the first quarter of 2022 to be hampered.

"High account sharing, combined with competition, is creating headwinds to revenue growth," stated Netflix in its official statement, as reported by CNBC International on Tuesday, April 19, 2022.

In the first quarter of 2022, the number of Netflix subscribers was recorded at 221.64 million. The majority of these subscribers are from the United States, totaling 74.58 million.

Following this are subscribers from Europe, the Middle East, and Africa, numbering 73.73 million. Subscribers from Latin America and Asia Pacific totaled 39.61 million and 33.72 million, respectively.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."