Netflix Reports Largest , Quarterly Loss of Subscribers .<br />Netflix Reports Largest , Quarterly Loss of Subscribers .<br />CNET reports that Netflix lost fewer subscribers than expected last month, while also reporting a significant decrease in overall members.<br />CNET reports that Netflix lost fewer subscribers than expected last month, while also reporting a significant decrease in overall members.<br />Earlier in 2022, Netflix reported <br />its first decline in membership <br />in over a decade.<br />That subscriber dip was expected <br />to plunge even deeper this quarter. .<br />On July 19, Netflix released <br />its second-quarter report. .<br />According to the report, subscribers <br />fell by 970,000 to reach a total of <br />220.67 subscribers in April through June.<br />While it's the largest decline in members the company <br />has ever reported, Netflix remains the world's <br />dominant streaming-video subscription service.<br />In April, Netflix had predicted losing <br />2 million members worldwide.<br />It's tough, in some ways, losing <br />1 million and calling it success. <br />But really, we're set up <br />very well for the next year, Reed Hastings, Netflix co-CEO, via CNET.<br />It's tough, in some ways, losing <br />1 million and calling it success. <br />But really, we're set up <br />very well for the next year, Reed Hastings, Netflix co-CEO, via CNET.<br />On July 20, shares of Netflix <br />were up 4% in premarket trading, <br />reaching $209.72. .<br />Stock in the streaming giant has still <br />lost two-thirds of its value in 2022.<br />CNET reports that Netflix is now testing new schemes <br />to increase its membership, including an account-sharing <br />plan and a cheaper subscription with advertisements.<br />CNET reports that Netflix is now testing new schemes <br />to increase its membership, including an account-sharing <br />plan and a cheaper subscription with advertisements
