{"id":546023,"date":"2022-04-20T03:56:11","date_gmt":"2022-04-20T03:56:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/has-netflix-subscriber-growth-peaked\/"},"modified":"2022-04-20T03:56:11","modified_gmt":"2022-04-20T03:56:11","slug":"has-netflix-subscriber-growth-peaked","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/20\/has-netflix-subscriber-growth-peaked\/","title":{"rendered":"Has Netflix subscriber growth peaked?"},"content":{"rendered":"

\n Netflix saw nearly a quarter of its value wiped out after losing
\n subscribers for the first <\/strong\n >time in a decade:<\/strong> The streaming service lost 200k
\n subscribers in 1Q and expects to lose another 2 mn this quarter, it said in
\n its
\n shareholders letter<\/a\n >
\n (pdf)<\/a\n >, disappointing investor expectations of continued growth. Income was nearly
\n 12% down for the quarter at USD 1.5 bn. The company blamed saturation in its
\n major markets and acknowledged its rising competition (think the likes of
\n Disney+). Shares in the streaming giant were down nearly 25% in after-hours
\n trading,
\n CNN<\/a\n >
\n reports.\n<\/p>\n

\n SPEAKING OF DISNEY+, the streamer is due to land in Egypt and 15 other
\n regional markets on 8 June.<\/strong\n >
\n Look for a subscription to cost you EGP 498.99 for the year or EGP 49.99 per
\n month,
\n as we previously noted<\/a\n >.\n<\/p>\n

ALSO IN PLANET FINANCE\u2013<\/strong><\/p>\n