Netflix reported 77.3 million paid streaming subscribers across the United States and Canada in the third quarter of 2023. After a decline in the U.S. and Canadian subscriber base during the first nine months of 2022, this marked a growth of about four million compared with the same quarter of the previous year.
Why is Netflix losing subscribers?
The EMEA (Europe, the Middle East, and Africa) region is Netflix's top-performing market in terms of subscribers surpassing North America in the third quarter of 2022 for the first time. The company reported losing an estimated one million users worldwide in the second quarter of 2022, with the number of Netflix users standing at approximately 221 million that quarter. But why have audiences canceled their subscriptions? One reason for the unprecedented drop in account holders is Netflix's monthly fee, which has been increasing rapidly over the past few years. On top of that, viewers have also voiced criticism over Netflix's cancellation of popular shows and its lack of big movie franchises.
What are audiences watching?
Netflix's vast content library offers anything from reality TV to Hollywood blockbusters, with shows and movies delivered in many different languages. As of early 2023, European countries such as Slovakia, Bulgaria, and Latvia boasted the largest content catalogs on Netflix at over eight thousand titles each. In the U.S., where audiences could choose from approximately six thousand titles, "NCIS" and "Cocomelon" ranked among the most popular streaming series on Netflix in 2022. As of 2022, fan favorites "The Crown" and "Stranger Things" were the most expensive Netflix original series, with production costs of 13 and 30 million U.S. dollars per episode, respectively.
FAQs
Quarterly Netflix paid streaming subscribers in the U.S. and Canada 2013-2024. Netflix reported 84.11 million paid streaming subscribers across the United States and Canada in the second quarter of 2024.
How many subscribers does Netflix have in 2023? ›
The rising tide of customers left Netflix with more than 260 million global subscribers at the end of 2023 — an annual increase of nearly 30 million subscribers.
How many subscribers does Netflix have in the United States? ›
Netflix currently has 260.28 million subscribers. Up from 167.09 million members in 2019. Netflix generated $33.72 billion in revenue in 2023. More than half of the titles available in Netfix's US catalog are originals or exclusives.
What is Netflix net sales in 2023? ›
Netflix annual revenue for 2023 was $33.723B, a 6.67% increase from 2022.
Can I share my Netflix account with family in a different home? ›
A Netflix account is meant to be shared by people who live together in one household. People who are not in your household will need to use their own account to watch Netflix. Learn more about sharing Netflix. Account owners can buy an extra member slot and invite people outside their household to use Netflix.
Will Netflix stop providing subscriber numbers in 2025? ›
More Stories by Caitlin. Netflix will stop reporting quarterly subscriber numbers starting with its first- quarter 2025 earnings, as the company says it's more focused on other metrics. Additionally, the streaming giant said Thursday that it would stop reporting average revenue per member, which it refers to as ARM.
Which state uses Netflix the most? ›
Oregonians watch more Netflix than residents of any other state, binging a whopping 798 hours of the streamer per year. Following close behind are Utahns, who watch 782 hours of Netflix a year.
What country has the most Netflix subscribers? ›
United States. Netflix was founded in the U.S. in 1997, so it shouldn't come as any surprise to hear it has the most Netflix users by country in 2023. There are about 67 million Netflix users in the country. The U.S. is, by far, Netflix's most profitable market.
How many people are monthly active users on Netflix? ›
Amy Reinhard, Netflix's President of Advertising, walked advertisers through the continued growth and momentum of Netflix's ad-supported plan, which now has 40 million global monthly active users — up from 5 million a year ago. Over 40% of all signups in the ads countries now come from the ads plan.
Is Netflix in debt in 2023? ›
Netflix's Debt Decreased by 8.28% Over the Past 4 Years 📉
In 2020, Netflix reached its highest level of total debt at $18.5 Bn. By 2023, its debt had been trimmed to $16.9 Bn—a decrease of 8.28% from the 2020 level. Netflix's evolving debt management suggests a strategic recalibration.
Netflix reported a 79% increase in net income and 54% growth in operating income for Q1 2024. Netflix, (NFLX 0.93%), the streaming giant, reported impressive financial growth in the first quarter of 2024.
What is Netflix dropping in 2023? ›
2023 Action Movies and TV Shows Coming to Netflix: The Witcher, FUBAR, Extraction 2, Heart of Stone - Netflix Tudum.
How many people use Netflix daily? ›
Netflix has about 260 million subscribers worldwide. Netflix generated a massive revenue of $30 billion in 2021. Over 75 million US and Canadian adults have an active Netflix subscription. The average subscriber spends 3.2 hours per day streaming content on the platform.
How many subscriber does Netflix have Q2? ›
1 premium streamer added 8.05 million net paid customers in Q2, bringing its global base to 277.65 million. The company reported revenue of $9.56 billion (up 17%) and net income of $2.15 billion (versus $1.49 billion a year ago), translating to earnings per share of $4.88.
What is the total number of subscriptions for Netflix? ›
How many paid subscribers does Netflix have? Netflix had around 277.65 million paid subscribers worldwide as of the second quarter of 2024. This marked an increase of over eight million subscribers compared with the previous quarter.
How many people use Netflix in one subscription? ›
You can create profiles for members in your household, allowing them to have their own personalized Netflix experience. Your account can have up to five individual profiles, and you can set a maturity rating level on each one. Each profile will have its own recommendations based on that profile's ratings and tastes.
