this post was submitted on 18 Jul 2024
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Television

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Netflix revenues up due to ad sales/ad supported plans (lemmy.world)
submitted 4 months ago by [email protected] to c/[email protected]
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Evidently screwing customers twice by making them watch ads for the same price they used to get ad-free has been profitable. Let the enshitification continue!

https://variety.com/2024/digital/news/netflix-subscribers-277-million-q2-2024-earnings-1236076843/

In other news, their ad sales VP left this week for some reason.

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[–] [email protected] 26 points 4 months ago (3 children)

They've lost my business altogether, and I had been a member since the mailed DVD days.

Plus the content they produce is nearly shovelware.

[–] [email protected] 4 points 4 months ago

It was so exciting getting those red envelopes in the mail…

[–] [email protected] 3 points 4 months ago

Same man, but here's the crappy thing, they don't give a fuck, because overall revenue is up, and fewer customers means fewer operating costs.

[–] [email protected] 3 points 4 months ago

They really screwed themselves over long term with so many cancellations. Would've been better to give shows something like a 2 episode mini season to wrap stuff up.