US streaming giant Netflix now has 232.5 million subscribers, the company said in a statement.
The company’s net profits reached $1.3 billion in the first quarter, down 18% year-on-year.
The company also announced that it would discontinue its historic DVD rental service by mail launched 25 years ago by the end of the year.
“Our goal has always been to provide the best service to our members but it has become very complicated with the decrease in this activity”, explained the company.
After the pandemic euphoria for digital platforms, Netflix has had a very difficult 2022, pushing company executives to focus more on diversifying revenue streams than growing users.
In November, they launched a new cheaper subscription, with advertising. The platform also wants to force users to pay to add profiles to their account, instead of sharing their password for free.