1M Netflix subscribers leave in Q2 2022; ad-supported tier coming in 2023

In Netflix’s second quarter, analysts had predicted significant declines in paying member

but the company’s financial report released today shows that things are not as bad as initially thought.

970,000 members were dropped from the site between April and June, compared to the predicted 2 million losses.

To ensure that the 100 million households that do not pay for the service but use shared passwords aren’t exploited