> So is that why the increasing competition from the likes of Apple, Disney+ and HBO, recent price increases and password sharing loopholes have plagued its growth?
This is also a false narrative. Netflix subscribers seldomly churn. Long lived accounts typically don't cancel, since new content comes out on a weekly basis. You can't cancel your cable subscription and just buy Disney+; you usually keep Netflix around too. Netflix is only tangentially competing with other streamers; they are directly competing with cable.
The subscriber count is affected by two things: new subscribers coming on board, and existing subscribers leaving. Since subscribers usually don't leave, the miss was on the new subscribers coming in. It absolutely was due to high growth countries (like Russia) not growing.
This is also a false narrative. Netflix subscribers seldomly churn. Long lived accounts typically don't cancel, since new content comes out on a weekly basis. You can't cancel your cable subscription and just buy Disney+; you usually keep Netflix around too. Netflix is only tangentially competing with other streamers; they are directly competing with cable.
The subscriber count is affected by two things: new subscribers coming on board, and existing subscribers leaving. Since subscribers usually don't leave, the miss was on the new subscribers coming in. It absolutely was due to high growth countries (like Russia) not growing.