January 21, 2025
8:48am -
The world’s biggest streaming subscription service has been on a blockbuster run lately, its share price rising by more than 80% last year. Netflix’s quarterly earnings, due on Tuesday, will probably contain more good news for shareholders. Subscriber growth is easing off, as the platform nears 300m members. But operating margins are widening as Netflix raises prices and builds up its advertising business.
Netflix enshittification in full swing. While subscriber growth flattens out, they will make their product worse and squeeze more money out of their existing customers while simultaneously abusing their monopoly position. I bet they eventually start selling customer watching habit data to ad brokers.