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Netflix reverses subscriber loss with big hits, adds 2.4 mn from July-Sep

Password-sharing crackdown: Company shares details

Photo: Bloomberg
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Photo: Bloomberg

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Netflix has stopped losing customers, after struggling to hold on to them in the face of competition and pressures from the rising cost of living.
 
The streaming giant said it added 2.4 million households to its subscriber base over the July to September period. That reversed the losses it suffered in the first half of the year after raising its prices in key markets.
 
“After a challenging first half, we believe we’re on a path to reaccelerate growth,” the company said in a letter to investors.
 
It is also rolling out a number of changes intended to restore its fortunes,

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First Published: Oct 20 2022 | 12:17 AM IST

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