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[–] 112 points 2 months ago* (12 children)

Just one reason their stock price is down. They no longer report subscriber numbers — you can probably guess why. It’s strange to me that a public company can just hide data from investors that might reveal when a company isn’t doing so hot.

It’s also stupid they would clamp down like this on ad-supported plans. Advertisers want eyeballs, and this means less of them. Reminds me of Reddit moving to a log-in only model.

https://www.fool.com/investing/2026/07/15/with-netflix-down-45-from-its-highs-viewer-engagem/

https://www.businessinsider.com/netflix-engagement-data-earnings-subscribers-stock-wall-street-2026-7

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  • [–] 40 points 2 months ago (4 children)

    I will never understand investors. Anyone with half a brain can put two and two together when a company starts hiding anything. Investors have no idea what they're doing, they just trust the customer will make them money, get angry when they've been duped, and will do it again.

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  • [–] 7 points 2 months ago (2 children)

    In this case, the ads are probably bringing in less per viewer than the service costs, so having non-paying viewers is still a net negative.

    Clamping down on this is probably a worse negative in the long run, but investors only care about this quarter.

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  • [–] 15 points 2 months ago* (last edited 2 months ago) (1 child)

    Considering how many streamers are encouraging people to sign up for the ad-supported plans, I think they’re making more money from the ads. Of course, they’re double-dipping just like the cable companies used to do. Charging for a subscription, and then making even more money by showing you ads. The OP’s screenshot is like how they used to charge for each cable descrambler box in a home. Wanna watch in both the bedroom and the living room? Pay up!

    It’s just greed.

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  • [–] 10 points 2 months ago* (2 children)

    the biggest reason is, them cancelling too many shows too soon. after 1-2 season, the show ceases to ecist. 3 if you are lucky and its thier way of forcing its end.

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  • [–] 5 points 2 months ago* (last edited 2 months ago)

    They aren’t stopping reporting subscriber numbers, what are you talking about? They’re dropping from reporting it twice a year to just once a year. Annual growth is really all that matters after all. What matters far more is revenue, profit, and cash flow - all of which are still reported regularly.

    Stock prices falling after earnings calls is basically the norm because no matter how well they go, even beating expectations, some people wanted more - and you can’t ignore the market manipulation by big players who try to manufacture drops so they can increase their position. Spook people to sell and drop the price so they can buy more at a reduced price.

    Netflix met or exceeded their targets as they have basically every single time for years. Their revenue grew double digits, their margins are getting healthier, and their viewing hours increased.

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    [–] 65 points 2 months ago (3 children)

    To be fair, too many people are using your account. 0 people should be on it.

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    [–] 58 points 2 months ago (9 children)

    Sing with me lads

    Ohhhhhhhh🎵

    Do what you want cuz a pirate is free 🏴‍☠️

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    [–] 51 points 2 months ago (3 children)

    Who remembers netflix’s “Love is sharing a password.” tweet?

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  • [–] 41 points 2 months ago (1 child)
  • [–] 9 points 2 months ago

    Exactly this. I had Netflix for a while and didn't pirate for like, 5 years. Then they started cranking up the price, dramatically reducing available movies including old movies that I wanna rewatch, and telling me my family is not allowed to use the product I purchased. So fI just stopped and went back to the high seas with a renewed passion for making my own media library as extensive as possible, and giving access to friends, family, anyone remotely trustworthy.

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  • [–] 33 points 2 months ago (9 children)

    Ya'll are still paying for this shit? LOL.

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    [–] 29 points 2 months ago (3 children)

    I cancelled my Netflix several years ago literally the very first time I got an error that too many people were watching or a screen wasn't authorized or whatever the specific "you can't share your account anymore" error was at the time.

    The fact that account sharing was tacitly allowed was literally the only thing keeping the value proposition of having the account afloat.

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  • [–] 13 points 2 months ago (1 child)

    Same here. I barely used Netflix and was only paying the bill because I shared the password with family members and didn't want to cut them off.

    Once they started being weird about account sharing, there was no reason to keep paying the bill. I was on the top tier too, because they said you could play on 4 screens at once, and I figured it was fair to pay extra since I was sharing the account.

    Nobody in my family complained so it's likely they weren't really using it either. So instead of a top-tier account being shared among a bunch of people that didn't really use it, they get nothing.

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  • [–] 26 points 2 months ago (3 children)

    Jellyfin doesn't have this problem

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    [–] 25 points 2 months ago (1 child)

    Fuck em. Lots of free media out there. My local library has all sorts of stuff, and that's not even considering what's out on the high seas.

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  • [–] 21 points 2 months ago
    [–] 17 points 2 months ago
    [–] 16 points 2 months ago (1 child)

    Been a Netflix subscriber since the early days. Talking getting DVDs in the mail, 3 at a time, watching all sorts of crazy shit, back when they let you have a profile where you could personally 5-star rate and even leave a review for movies you'd watched. Me and a friend got competitive about it, would watch movies all the time, rate and review them, we easily had lists into the 800-1000 range.

    Then they deleted all of it with no warning.

    But I kept with it, because although I pirate a lot, I still like the convenience of not having to download all the stuff on there, and there's still some decent releases. And I share my account with my ex-wife, so she doesn't have to pay for it. And then when I'm on vacation, usually there's a smart TV or whatever and I can log on to keep watching whatever series I happen to be on at the moment (right now it's Stargate SG1).

    But the other day I got a warning about how I'm using a different device, and I had to double authenticate and reenter passwords to "allow" me to watch from my personal computer... and it made my blood boil. Shut the FUCK UP netflix, you dumb mother fucker. I'll watch the service I fucking PAY FOR, on my OWN FUCKING DEVICE, WHENEVER I FUCKING WANT TO.

    One more blood boiling moment and I'll just cancel their bullshit all together. I have a gig internet connection, I can just download shit crazy fast, I don't fucking need you anymore netflix. you forget that the slight convenience of not downloading things is the ONLY reason you exist. Stop being convenient, stop being used.

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    [–] 12 points 2 months ago (3 children)

    Their content has quickly become shit tier. Every new show seems like an attempt to check as many boxes as their hits from over five years ago. Spreadsheet programming. That or low budget docuseries.

    But that's programming everywhere now. Who woulda thought that consolidating the entire entertainment industry into three players would have negative consequences.

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  • [–] 10 points 2 months ago (9 children)

    Plex. Jellyfin is fine too, I am just used to Plex and prefer it’s interface. I don’t mind paying a few dollars per month for it.

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  • [–] 11 points 2 months ago (7 children)

    This is coming from a person with a Plex lifetime pass for the last 15 years. Fuck Plex and their greed.

    I was on the same boat as you, but this year I switched to Jellyfin and could not be happier. It actually feels smoother for me than Plex. Also there are a pot of little quality of life improvements which did not work on Plex for me, like always auto loadng subtitles in my language of choice.

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    [–] 9 points 2 months ago

    I pay for a number of concurrent streams, so "too many at one time" is a legitimate thing. What I disagree with completely is that they want them all in one house. If I pay for 4 streams, they ought to be able to be anywhere. Because I paid for 4.

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  • [–] 9 points 2 months ago (2 children)

    Cancelled last week when I realized that I watch it almost never, the content I did consume was essentially filler, and the price was double what I originally subscribed for. I haven't picked anything else to replace it yet but I think it's finally reached the point that they are worse than the competition by a significant enough margin to matter. They really burned a lot of innate advantages. Thank you Mr. Doctorow for the correct terminology to address the situation!

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    [–] 9 points 2 months ago* (last edited 2 months ago) (5 children)

    You do not subscribe ,you should use pirate and do not feed these imperialist oligarchs

    check out: https://fmhy.net/video

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    [–] 9 points 2 months ago

    To the high seas, me hearties!!

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  • [–] 7 points 2 months ago (2 children)

    I think I’ve watched things on like five devices at once on my Jellyfin. Never had this issue.

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    [–] 5 points 2 months ago (6 children)

    Emby: "17 people in 5 countries are watching your media. Nice."

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    [–] 5 points 2 months ago (2 children)

    yes, but this is outlined in the contract and you should know this.

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  • [–] 5 points 2 months ago (2 children)

    This is me when they finally take down piracy and I just can't get the media anymore, since I refuse to give them a cent. I know I'll adapt, and probably be better off for it.

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