Confirmed: Netflix has lost a lot more subscribers

The streaming giant's results are out.

Netflix has suffered a loss of over 970,000 subscribers in the second quarter of 2022, it has been revealed.

Netflix now boasts a global total of 220.67 million subscribers, down from the record high of 222 million. The company was also able to report increase a rise in revenue of 9% to $7.97 billion. The report details that Netflix has made"...a key priority to re-accelerate revenue growth is to evolve and improve our monetization. In the early days of streaming, we kept our pricing very simple with just one plan level. In 2014, we introduced three price tiers to better segment demand. Going forward, we will focus on better monetizing usage."

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