Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers

Netflix shares remain at historic lows after the US streaming giant shed nearly one million subscribers during the Spring due to its 'woke' content and rampaging inflation hurting millions of cash-strapped families in Europe and North America. Netflix shed 970,000 subscribers in April-June 2022 Though shares rose around 7% after the April-June results were published, they are still 66% down from the start of the year Among its rivals, Netflix remains the most popular streaming service. In April-June 2022, Netflix lost nearly one million customers, while Disney+ appears to have gained eight million subscribers in the same period of time Netflix has produced 'woke' content such as He's Expecting, which depicts a man who becomes pregnant Netflix CEO Reed Hastings during the See What's Next event at Villa Miani in Rome, Italy, April 18, 2018 Why is Netflix losing viewers, and what will it do now? Netflix's April-June regression follows a loss of 200,000 subscribers during the first three months of the year, marking the first time Netflix's subscriber totals have shrunk in consecutive quarters since its transition from offering DVD-by-mail rentals to video streaming began 15 years ago. From its humble beginnings of sending DVDs to customers in the post, Netflix has gone on to become the world's largest streaming platform but now faces stiff competition from the likes of Amazon, Disney Plus and Apple TV+ Netflix's most expensive projects yet: From the blockbuster show The Crown to Ryan Reynolds flick Red Notice and hit series Stranger Things 1) THE CROWN Imelda Staunton is pictured the Queen in blockbuster series The Crown 2) HOUSE OF CARDS This image released by Netflix shows Robin Wright in a scene from the final season of House of Cards 3) ORANGE IS THE NEW BLACK A shot shows a scene from Netflix hit Orange is the New Black 4) STRANGER THINGS A shot from Netflix's popular series Stranger Things 5) SENSE8 Daryl Hannah and Brian J Smith in Sense8 6) MARCO POLO Marco Polo with Lorenzo Richelmy as Marco Polo 6) THE GRAY MAN The Gray Man is an upcoming American action thriller film starring Chris Evans, Ana de Armas and Ryan Gosling 8) RED NOTICE Ryan Reynolds, Gal Gadot and Dwayne Johnson in a promotional shot for Red Notice 8) THE IRISHMAN This image released by Netflix shows Joe Pesci, left, and Robert De Niro in a scene from The Irishman 10) 6 UNDERGROUND A shot from Netflix's 6 Underground movie starring Ryan Reynolds Netflix began heading in a new direction last year when its service added video games at no additional charge in an attempt to give people another reason to subscribe.