In the first quarter of 2022, Netflix reported a loss of 200,000 subscribers, its first decline in over a decade.
account sharing among more than 100 million households
, competition with other streaming services, sluggish economic growth, inflation, Russia’s invasion of Ukraine and continued disruption from the COVID-19 pandemic. Netflix Chief Financial Officer Spencer Neumann told analysts and investors in April that the company was committed to cutting costs over the next two years to maintain margins of roughly 20%. In 2022, the company plans to invest approximately $17 billion toward its television shows and films.
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