Netflix paid subscribers as on Dec-2021 ending quarter was 221.84 Million paid subscribers.
Netflix paid subscribers as on March-2022 ending quarter was 221.64 Million paid subscribers. Decline of 200,000 paid subscribers when compared with previous quarter.
Netflix expected paid subscribers as on June-2022 ending quarter was 219.64 Million paid subscribers. It is expected paid subscribers will decline by 2 Millions from March-2022 to June-2022.
Quarterly Revenues of Netflix
Revenues of Netflix in quarter ending March-2022 was 7,868 Million USD.
Revenues of Netflix in quarter ending Dec-2021 was 7,709 Million USD.
Revenues of Netflix in quarter ending March-2021 was 7,163 Million USD.
Quarterly Net Income of Netflix
Net Income of Netflix in quarter ending March-2022 was 1,597 Million USD.
Net Income of Netflix in quarter ending Dec-2021 was 607 Million USD.
Net Income of Netflix in quarter ending March-2021 was 1,707 Million USD.
In after market trade hours of Apr-19-2022, Netflix tumble by 25%.
Total debt of Netflix as on Mar-2022 was 14.55 Billion USD and free cash flows was 6 Billion USD.
Reasons for decline of Netflix paid subscribers
As per Netflix management, over 100 million people using Netflix free of cost using paid customers credentials.
Another thing is that due to competition from YouTube, Amazon, and Hulu. Also traditional entertainment companies realized streaming is the future, many new streaming services have also launched.
Third reason and this is not mentioned by Netflix management and we are just assuming. As employees slowly moving from work from home culture to work from offices culture, they may disconnect Netflix like connections.