Netflix can't chill: The streaming giant is losing subs

4/19/22 7:00PM

Netflix has no chill

‍For the second time this year Netflix shares are in freefall. The company's share price is currently down more than 30% this morning after reporting not-just-a-slowdown-in-growth but an actual drop in subscriber numbers, with more expected to come.

The streaming giant lost 200k subscribers in its latest quarter, and in its shareholder letter outlined that it expected to lose another 2 million in the next, as competition intensifies and its biggest markets become saturated.

This is a big deal because, despite being painfully aware of increased competition, Netflix had still expected to gain 2.5 million subscribers this quarter.

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US plane maker Boeing delivered 44 jets in November, marking a 17% dip from October but a drastic recovery from its 13 deliveries in the same month last year amid its machinists’ strike.

Boeing, which closed its $4.7 billion acquisition of key supplier Spirit AeroSystems on Monday, has delivered 537 jets year to date in 2025, significantly ahead of the 348 it delivered last year. Earlier this month, the company said its recovery was “in full force” and it expects positive free cash flow in 2026.

European rival Airbus expanded its annual delivery lead in the month, handing 72 jets over to customers. The manufacturer has made 657 deliveries on the year so far, but recently cut its annual delivery target to 790 from 820 due to quality issues.

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