Much of Netflix's troubles are due to the company being unable to get ahead of the media spin cycle. Netflix’s stock has plummeted as Wall Street takes in their stalled subscriber growth, recent layoffs, seemingly hasty decision to launch an ad-supported model and newly energized competition, and so this is just the latest piece of bad news for the company. On the bright side, EMEA downloads were up 8%. Adding to Netflix’s increasingly growing list of woes comes reports that the number of downloads of the app is dropping.Īccording to a note from investment firm Evercore ISI, June 2022 Netflix downloads were down 5% YOY and 2% MOM, with the biggest yearly drops happening in APAC (-16%) and USCAN (-13%).
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