8 Reasons Why Netflix Is Losing Subscribers

The pandemic, price hikes and stiff competition are among the factors plaguing the streaming giant’s subscriber retention

Why has Netflix seen such a dramatic drop in subscribers?

On Tuesday, the streaming giant shocked Wall Street and its shareholders when it announced a 200,000 subscriber drop as part of its first-quarter earnings report. While that number may not seem large compared to the total 222 million paying customers it still has, this is the first time in about a decade that Netflix has seen a loss of subscribers. Additionally, the company projects it will lose 2 million more subscribers in Q2.

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