Netflix Q2 Earnings Report Reveals Sharp Decline In Subscribers

Netflix's latest earnings report reveals a loss of 970,000 subscribers, which is less than the expected 2 million. Despite this, the company's revenue increased by 9% due to price hikes. Netflix remains the leader in paid subscriptions with over 228 million users. To attract more subscribers, Netflix plans to introduce an ad-supported subscription model, similar to Hulu and Peacock, which is promising for advertisers targeting younger audiences.

What was the actual number of subscribers Netflix lost this quarter?

• 1,500,000

• 2,000,000

• 500,000

• 970,000

By what percentage did Netflix's revenue increase compared to last year?

• 5%

• 9%

• 15%

• 12%

How many paid subscribers does Netflix have worldwide?

• 250 million

• 300 million

• 200 million

• 228 million

What new subscription model is Netflix planning to introduce?

• Family plan

• Student discount

• Ad-supported subscription

• Premium package

Which platforms already use the ad-supported model that Netflix is considering?

• YouTube and Vimeo

• Hulu and Peacock

• Apple TV+ and HBO Max

• Amazon Prime and Disney+