A recent survey found that while streaming giant Netflix has already lost 1.2 million subscribers in the first two quarters of 2022, 25 percent of current subscribers plan to cancel their subscriptions this year.
9to5Mac reports that while Netflix has lost 1.2 million subscribers in the first two quarters of 2022, the company still hopes to add one million new users to the platform with its new ad-supported tier. But a recent survey reveals that 1 in 4 Netflix users plan to cancel their subscriptions this year.
Reed Hastings, left, CEO of Netflix, poses with Ted Sarandos, Chief Content Officer of Netflix. (AP Photo/Ahn Young-joon)
Reviews.org surveyed 1,000 American streaming customers to determine their streaming habits in 2022 and found that the average American is subscribed to four different streaming platforms. Netflix remains the most popular with nearly 4 out of 5 (77%) of Americans surveyed currently subscribed to the platform. 70 percent also said that they use Netflix more than other streaming services, an overwhelming advantage with second place going to HBO Max with just 9.91% of respondents saying it is their top service.
Of all Netflix subscribers surveyed, 25 percent said they plan to cancel their subscriptions. Two-thirds of those that plan to leave stated that the streaming giant's increasing cost is one of the reasons.
Netflix appears to have the highest average plan cost among the eight most popular streaming services in the U.S. Other reasons for cancelation include roughly one-third of respondents saying that the platform no longer has the shows they watch and 30 percent saying that they use other streaming services more.
Almost 20 percent of those who plan to cut their service say that general inflation and the increasing cost of everyday life are also contributing factors.
Read more at 9to5Mac here.
Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship. Follow him on Twitter @LucasNolan
- Netflix Subscriber Growth Slows After Surging During Pandemic
- Netflix subscribers to get access to original mobile games at no extra cost
- Netflix Subscribers Are Still Growing Slightly, But For How Long?
- Netflix growth plan tops Wall St watchlist as lockdown binge watch ebbs
- Netflix top streaming service in India, 57 percent said they have access to at least one: survey
- Why Netflix is canceling so many of its shows early
- Report: Netflix U.S. Subscription Cancellations Surge Nearly Eightfold Amid 'Cuties' 'Child Porn' Controversy
- Netflix’s pandemic-fueled subscriber growth is slowing down
- Experience the thrill of Netflix Original series 'Kingdom' with Smart Signature
- NCIS: Why won't the latest NCIS seasons be added to Netflix?
- The Best Stand-Up Comedy on Netflix Right Now (July 2021) | Digital Trends
- HBO Max: What are the different plans, and which should you get?
- Netflix's gaming foray will cost time and money -Wall St
- Are You Ready To Start Paying Student Loans Again? Elizabeth Warren Says Your Student Loan Servicer Needs More Time
- Chernobyl: Is Chernobyl on Netflix? How to watch Chernobyl online
- Netflix planning to offer video games in push beyond films, TV
- You could be overpaying for Netflix ...and this app aims to find out for you
- Niche Streaming Services Adding Subscribers Twice As Quickly As Major SVOD Outlets
- When 'All American' Season 4 is coming to Netflix
- The top 10 most-watched TV series on Netflix in December
Survey: 25% of Netflix Subscribers Plan to Cancel Service have 529 words, post on www.breitbart.com at September 24, 2022. This is cached page on TechNews. If you want remove this page, please contact us.