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This question is about statistics.
Is Netflix growing?
No, Netflix isn't growing. In Q1 of 2022, the company reported that it had lost subscribers for the first time. It lost about 200,000 paid subscribers, which, while not an insignificant number, still didn't negate the 40 million subscribers that Netflix gained in 2020.
As far as annual revenue goes, however, the company is still growing, as it earned $24.9 billion in 2020 and $29.52 billion in 2021. The company's profits have been increasing as well, increasing from $2.6 billion in 2019 to $4.5 billion in 2020.
Much of this significant growth in 2020 was due to the COVID-19 pandemic, when people were watching more streamed entertainment than ever. So, as the world opened back up and the number of competitors to Netflix increased, it isn't necessarily shocking that 200,000 people canceled their subscriptions recently.
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