2023-01-02

Netflix Expected to Keep Losing U.K. Subscribers in 2023 as Record Inflation Hammers Consumers

Netflix, which still has a production deal with Barack and Michelle Obama, is expected to have lost 500,000 British subscribers in 2022, bringing its U.K. user base from 14.2 million to 13.7 million, according to Ampere Analysis. In 2021, the company gained 800,000 subscribers, i

Breitbart Reports: "Netflix is forecast to lose around 200,000 U.K. subscribers in 2023 as nearly 11 percent inflation continues to hammer British consumers and the streamer’s new ad-supported tier takes time to generate interest, according to a report in The Guardian , which cited financial analysts."

“Given the wider economic pressures the UK is facing I’m not expecting Netflix to go back to growth in 2023,” Richard Broughton, director at Ampere Analysis, said."

"Netflix, which still has a production deal with Barack and Michelle Obama, is expected to have lost 500,000 British subscribers in 2022, bringing its U.K. user base from 14.2 million to 13.7 million, according to Ampere Analysis. In 2021, the company gained 800,000 subscribers, its lowest since launching in the U.K. in 2012."

Share this story:

Comments

  • notwokeshows

    notwokeshows

    from the old Disqus comment system

    Jan 2, 2023

    The current economic recession is a factor for consumers to cut back expenditure on entertainment however (and this seems obvious) it would also help if Netflix's stopped its woke moral lecturing to its subscribers.

No account needed to comment. This browser can edit the comment later. Sign in to attach it to a member name — members can edit from any device.

Captcha: 4 + 7

All news