Netflix share price

Streaming is more crowded and consumers more price conscious. All this raises questions about how much Netflix can keep growing.

- Content arms race: Netflix continues to bring out big names and A-listers to beef up its original content, a list that includes former President Obama, Ryan Reynolds, Duane Johnson, and Gal Gadot. But will it be enough to go toe to toe with other blockbuster originals from rival streaming services? The company expected to add 2.5 million new subscribers for the quarter. - Subscriber growth: Will Netflix deliver an about-face in terms of subscriber growth, after a sharp decline in 2021? “While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched.” In a shareholder letter, Netflix blamed a number of factors, including inflation, increased account sharing, and growing competition. The numbers are in and they’re not good.

Shares of Netflix cratered more than 25% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. It's the first time ...

The company said Tuesday those price changes are helping to bolster revenue, but were partially responsible for a loss of 600,000 subscribers in the U.S. and Canada during the most recent quarter. Net income during the quarter ended March 31 fell 6.4% to $1.6 billion, down from $1.7 billion the year prior. Excluding that impact, the company said it would have seen 500,000 net additions during the most recent quarter. During the same period a year ago, Netflix added 3.98 million paid users. Netflix was an earlier winner when Covid lockdowns sent families inside and searching for entertainment. However, our relatively high household penetration — when including the large number of households sharing accounts — combined with competition, is creating revenue growth headwinds." Netflix previously told shareholders it expected to add 2.5 million net subscribers during the first quarter. Fellow streaming stocks Roku, Spotify and Disney also tumbled in the after-hours market after Netflix's brutal update. The company said that the suspension of its service in Russia and the winding-down of all Russian paid memberships resulted in a loss of 700,000 subscribers. Netflix on Tuesday reported a loss of 200,000 subscribers during the first quarter — its first decline in paid users in more than a decade — and warned of deepening trouble ahead. - Shares of Netflix cratered more than 25% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. - It's the first time the streamer has reported a subscriber loss in more than a decade.

After a decade of meteoric growth that shook Hollywood to its core, Netflix Inc. has run into a wall.

U.S. stock futures opened lower Tuesday evening to give back gains after a rebound rally during the regular trading day, as investors took in a host of ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and internet connection, including your IP address

Netflix posted the first decline in annual subscriber growth in more than a decade Tuesday, clouding a stronger-than-expected first quarter earnings report ...

Much of that praise, however, could also apply to Disney ( DIS) - Get Walt Disney Company Report, which reported an astonishing 11.8 million subscribers to its platform over the three months ending in December — more than 42% ahead of Netflix's tally — while reiterating its view that Disney+ will grow to between 230 million and 260 million subscribers by the end of its 2024 financial year. Ackman now owns around 3.1 million shares in the group, noting that he sees Netflix as "a primary beneficiary of the growth in streaming and the decline in linear TV driven by its superior customer experience, a vast and diverse amount of superb, constantly refreshed content, global improvements in bandwidth, and the proliferation and continuous improvement and convenience of devices on which one can watch." "Second, in addition to our 222 million paying households, we estimate that Netflix is being shared with over 100 million additional households, including over 30 million in the UCAN region," Netflix added. "First, it’s increasingly clear that the pace of growth into our underlying addressable market (broadband homes) is partly dependent on factors we don’t directly control, like the uptake of connected TVs (since the majority of our viewing is on TVs), the adoption of on-demand entertainment, and data costs," Netflix said in a letter to shareholders. The company said it will lose another 2 million global net paid additions over the three months ending in June, compared to a consensus market forecast of 2.7 million. Netflix said earnings for the three months ending in December were pegged at $3.53 per share, down 5.9% from the same period last year and firmly ahead of the Street consensus forecast of $2.89 per share.

Streaming giant blames a number of factors including increased competition, war in Ukraine and the large number of people who share their logins.

The decline brought Netflix’s paid global subscriber base to 221.6 million, down from 221.8 million in the prior quarter. It also said the decision to close up shop in Russia cost the company 700,000 new additions. They love the service, we have just got to get paid at some degree for them,” he said. Netflix co-founder and chairman Reed Hastings has long been opposed to adding commercials or other promotions to the service. We are going to figure this one out.” Wall Street had been expecting the company to add 2.5 million subscribers.

Netflix executives plan major changes after disclosing that 'revenue growth has slowed considerably' amid loss of 200,000 subscribers in first quarter, ...

In a letter to shareholders, Netflix executives said they expect revenue to grow to $8.05 billion from $7.34 billion in the second quarter a year ago, coming up short of analysts’ average estimate of $8.22 billion, though their profit estimate was in line with estimates. Netflix stock declined 37.8% in the first quarter, the worst performance for the stock since it was still being pummeled by the “Qwikster” debacle in 2012. A major question moving forward is how many billions of dollars Netflix is willing to sink into content to keep pace with its rivals. Netflix reported a net loss of 200,000 paid subscribers in the first quarter, while analysts on average were forecasting 2.5 million net additions, according to FactSet, which was what Netflix executives had forecast. Executives also said they expect to crack down on password-sharing, with Hastings saying Netflix has been working for two years on a model that would help it bring in revenue for everyone who watches the service. Netflix revenue improved to $7.87 billion in the quarter from $7.16 billion in the same period a year ago, but missed diminished expectations. The stock has collapsed 42% so far this year, while the broader S&P 500 index SPX, +1.61%has edged down 7% in 2022. Apple, Disney and Amazon have bolstered their streaming services through exclusive pro sports packages with the NFL, MLB and soccer. Analysts polled by FactSet expected earnings of $2.90 a share on sales of $7.93 billion, estimates that had also fallen in recent weeks. “Streaming is winning over linear, as we predicted, and Netflix titles are very popular globally. However, our relatively high household penetration — when including the large number of households sharing accounts — combined with competition, is creating revenue growth headwinds.” I think we’ll really get in.”

Netflix's first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street's forecasts. It reported per-share net earnings of $3.53, ...

"The large number of households sharing accounts -- combined with competition, is creating revenue growth headwinds. The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Streaming services are not the only form of entertainment vying for consumers' time. The company is also looking to generate additional revenue from customers who share their account with friends or family outside their home. "The large number of households sharing accounts -- combined with competition, is creating revenue growth headwinds. Streaming services are not the only form of entertainment vying for consumers' time. The company said it lost 200,000 subscribers in its first quarter, falling well short of its forecast of adding 2.5 million subscribers. Netflix's first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street's forecasts. The company is also looking to generate additional revenue from customers who share their account with friends or family outside their home. Netflix's first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street's forecasts. Netflix's 26% tumble after the bell on Tuesday erased about $40 billion of its stock market value. "Those who have followed Netflix know that I've been against the complexity of advertising, and a big fan of the simplicity of subscription," said CEO Reed Hastings. "But, as much as I'm a fan of that, I'm a bigger fan of consumer choice."

Three months ago hedge fund manager William Ackman cheered when Netflix's stock price suddenly dropped, buying up 3 million shares as other investors ...

Register now for FREE unlimited access to Reuters.com The Pershing Square Holdings fund was already nursing small losses through the end of March before Netflix shares dropped on Tuesday, which likely pulled returns down even more. For Ackman, the drop, while unwelcome, may not be entirely unexpected as he had warned his investors earlier this year that Netflix would face "near-term variability" in quarterly growth and profitability. Ackman, who routinely moves stock prices by buying into or exiting a company, did not say how much he paid for his Netflix stake, which he unveiled to his investors on Jan. 26. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Tuesday, April 19, 2022We're getting busier in pre-market activity these days. For the next several weeks, we can expect potential market-moving ...

Earnings are expected to have dropped more than -20% from the year-ago quarter on revenues expected to actualize more than +10% gains year over year. Subscription numbers will be the key metric for the streaming giant: emerging from the pandemic with much more competition than it had a couple years ago are anticipated to have caused a few headwinds. Defense industry major Lockheed Martin LMT put up similar results in its Q1 report: while being on the bottom line relatively strongly — $6.44 per share versus $6.22 in the Zacks consensus — it missed quarterly sales forecasts by -3.6% to $14.96 billion in the quarter. Let’s start with Johnson & Johnson JNJ, which surprised on the bottom liner by 7 cents to $2.67 per share. These figures may not yet be factoring in higher mortgage rates, which are definitely in the mix these days. The Dow is -25 points, the Nasdaq is -43 and the S&P 500 is down -6 points.

Even worse, Netflix expects to lose 2 million net subscribers in the June quarter, again falling shy of Wall Street's estimates. Netflix shares fell 25% to ...

Without that factor, the company would have added 500,000 net new subscribers in the quarter.... The company (ticker: NFLX) lost 200,000 net subscribers in the quarter. That left it well short of the company’s forecast for 2.5 million net additions, though the number includes the loss of 700,000 subscribers in Russia where the company has suspended service.

Netflix has lost 200000 subscribers in the first quarter of 2022. It expects to lose another 2 million subscribers in the second quarter.

However, our relatively high household penetration - when including the large number of households sharing accounts - combined with competition, is creating revenue growth headwinds,” the company said in a This is the first user decline in over a decade for Netflix as the last time it lost users was in October 2011. The company has reported that it lost 200,000 subscribers in the first quarter, which is a massive drop.

Three months ago hedge fund manager William Ackman cheered when Netflix's stock price suddenly dropped, buying up 3 million shares as other investors ...

You can select 'Manage settings' for more information and to manage your choices. You can change your choices at any time by visiting Your Privacy Controls. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Click here to find out more about our partners. - Information about your device and Internet connection, including your IP address

Shares shed a quarter of their value in premarket trading after the streaming giant reported that it ended the first three months of the year with 200000 ...

- Target:Up to 60% off - Target Promo Code Shares shed a quarter of their value in premarket trading Wednesday. Investors had expected that the company would add new users in the first quarter. You may cancel your subscription at anytime by calling Customer Service.

A new band of Wall Street analysts rushed to cut price targets and ratings on Netflix in response to deeply disappointing results, though shares of the...

“Said investments change the historically simple story, cloud the return profile, and cause Netflix to lose its shine, in our view,” they wrote. Evercore analysts, led by Mark Mahaney, slashed their price target to $300 from $525 a share. He tweeted that Wall Street analysts appeared “utterly useless” this time, given that Netflix shares had dropped about 50% from their October highs even without taking into account the declines expected in Wednesday’s regular session. As Netflix plans to increase its emphasis on programming, take aim at password sharing, and explore the introduction of advertising, the Wells Fargo team sees the company in a “reactionary” position. Shares of Netflix NFLX, -37.37%tumbled around 29% in premarket trading on Wednesday, the morning after the company delivered a considerable slowdown in revenue growth and a surprise net loss of subscribers. the current great consumer experience and introduces ad volatility to results.”

For the second time this year, Netflix shares fell sharply after the company disappointed investors.

The last time Netflix shares fell 25% on a single day was July 25, 2012, according to FactSet, a day after the company warned of slowing growth for its subscription service. The company had increased its subscription fee earlier this year. The growing number of streaming options has made consumers more price- sensitive. In January, Netflix shares slid more than 20% when the streaming company said it expected to add a much smaller number of subscribers than it did one year prior. Shares shed a quarter of their value in premarket trading Wednesday. Investors had expected that the company would add new users in the first quarter. The drop would slash around $40 billion of its market capitalization, which stood at $157 billion on Tuesday, according to FactSet.

The headline failure for Netflix is a reduction in subscribers for the first time in a decade. Wall Street analysts had been expecting it to announce growth of ...

The deeper question for the company is whether it needs to change its actual product, rather than simply fiddling with price points and subscription tiers. However, Netflix is exploring the possibility of a soft price cut, in the form of an ad-supported tier, according to Reed Hastings, its chair and co-founder. Netflix has been increasing its monthly fees sharply around the world, with some UK subscribers now paying a third more than they were less than two years ago for the same service.

Netflix's share price has collapsed after it reported its first fall in subscribers in a decade. John Stepek explains what it says about the “build it and ...

That certainly plays a part (is watching TV really your priority now that the sun is out and you might have a hope of going on holiday for the first time in two years?) And not just in this business – across all of those businesses that have been based on “build now, monetise later” models. There’s far more to this than just the end of the pandemic. Those were the “longest duration” stocks you could get, and thus very sensitive to shifts in interest rates. That peaked back in February 2021, as a glance at the share price of Cathie Wood’s ARK ETF (which is quite literally a faith-based investment) will demonstrate. John Stepek explains what it says about the “build it and they will come” growth-stock business model.

Video streaming giant Netflix has been losing subscribers – driving its share price to its lowest in six months. So, asks Rupert Hargreaves, should you buy ...

Netflix is looking to consolidate its position in the market. It generated $800m in free cash flow in the first quarter, providing funds to reinvest in new content and cut debt. These numbers illustrate the scale of the challenges facing both the company and the wider sector. Analysts estimate the firm will spend around $20bn on content this year, nearly double the $10bn it spent in 2020. Withdrawing from Russia after its invasion of Ukraine cost another 700,000 paying users (excluding this loss, the group actually added 500,000 subscribers in the first quarter, although this was still far below Wall Street expectations). With content and market costs rising, the group is tapping its customers for extra cash, and this isn’t going down too well.

The streaming giant's lagging subscriber growth prompts a flurry of price target cuts and downgrades from Wall Street.

Netflix (ticker: NFLX) lost 200,000 subscribers in the quarter, well below its guidance for 2.5 million net adds. The streaming service would have added 500,000 users had it not lost 700,000 subscribers from Russia. The company expects to lose 2 million net subscribers in the June quarter. - Order Reprints

The streaming giant estimates more than 100 million households are breaking its rules by sharing passwords. Boss Reed Hastings previously described the practice ...

"Those who have followed Netflix know that I've been against the complexity of advertising, and a big fan of the simplicity of subscription," he said. Netflix said the price rises would yield more money for the firm, despite the cancellations. The firm also said account sharing had probably fuelled its growth by getting more people using Netflix. In the UK, households cancelled more than 1.5 million streaming subscriptions in the first three months of the year, with 38% saying they wanted to save money. Netflix said that pulling out of Russia in March in response to the Ukraine war had cost it 700,000 subscribers. The number of households using the streaming service fell by 200,000 in the first three months of the year as it faced stiff competition from rivals.

Shares of Netflix plunged Wednesday after the streamer reported it lost subscribers in its most recent quarter.

The firm was one of at least nine companies to downgrade Netflix on the disappointing report. The company laid out changes in the pipeline to contribute to growth. Shares of Netflix plunged 37% Wednesday morning after the streamer reported earnings Tuesday evening that showed it lost subscribers for the first time in more than ten years. Several streaming services' stocks took a dive Wednesday morning along with Netflix as investors wait for updates on their growth. The company had been significantly boosted by coronavirus stay-at-home orders, as more people sought out digital entertainment. But people spent less time on digital platforms as vaccines rolled out and mandates eased.

In an earnings update, the streaming company projected that subscriber numbers would drop by another 2mn in the current quarter, having already fallen about ...

Shares were down more than 30% after Netflix lost paying subscribers for the first time since 2011.

“Those who have followed Netflix know that I have been against the complexity of advertising and a big fan of the simplicity of subscription,” Hastings said. The company has already been testing ways to charge password sharers extra fees. Netflix also blamed password sharing for its growth problems, saying that 100 million households were sharing passwords instead of paying for more than one account.

Netflix Inc. shares are on course to lose about $42 billion in value Wednesday after the streaming giant reported its first subscriber decline in more than ...

Investors were shocked last night by the revelation numbers of new Netflix subscribers had fallen for the first time in more than a decade.

"The combination of one plus two led to three - scale. "The most obvious target would be a rival TV company such as Paramount+," Campling argued. "The media giants did not view Netflix as a rival, until their users/viewers started cutting the cord. "Netflix believes there are more than 100 million households sharing accounts, meaning it is losing out on additional subscribers and revenue," he said. Laura Hoy, equity analyst at Hargreaves Lansdown, argued that while Netflix has a relatively weak back catalogue when compared to its rivals, the streamer is adept at original programming and its name has "become synonymous with addictive TV". "That may well boost revenue in the short term, but in reality to expand its reach to people who do not interact regularly with Netflix will require the streaming firm to keep producing the goods when it comes to content."

Elon Musk has fired a broadside at Netflix, blaming the streaming service's shock slump in subscribers on a “woke mind virus”.

If Netflix does go down this route it’s game changing, not just for Netflix and its ability to generate a very significant new revenue stream, but also for the world of advertising. At the same time, the Follow This climate proposal received 30pc of votes in favour – the most since it started lobbying Shell in 2016. Shipments of Lada vehicles fell 56pc in March compared to the same month last year. Shares in Netflix plunged 25pc last night. The manufacturer last month announced it was suspending production at its own plant in Moscow and assessing options for AvtoVaz. Netflix pointed the finger at four causes, including increased competition and people sharing accounts. Asian markets were largely flat on Wednesday morning. The streaming giant said it lost 200,000 subscribers in the first three months of the year – its first decline in more than a decade. Michael Nathanson, an analyst at Moffett Nathanson, said: “It’s just shocking. It’s such an about face.” The Dow Jones ticked up 0.1pc. The EU is said to be working to speed up the availability of alternative energy supplies in a bid to cut the cost of banning Russian oil.

Shares in the group dropped $129.59, more than 37 per cent, to $219.02 by lunchtime in New York today — reducing its market value by some $52 billion — as ...

Netflix has long resisted incorporating ads into its service. Shares in the group dropped $129.59, more than 37 per cent, to $219.02 by lunchtime in New York today — reducing its market value by some $52 billion — as investors braced for it to lose millions of subscribers over the coming months. Analysts questioned whether the mooted launch of a cheaper subscription model, supported by advertising, smacked of “desperation” in the wake of its first user decline in a decade.

The streaming giant's lagging subscriber growth prompts a flurry of price target cuts and downgrades from Wall Street.

Netflix (ticker: NFLX) lost 200,000 subscribers in the quarter, well below its guidance for 2.5 million net adds. The streaming service would have added 500,000 users had it not lost 700,000 subscribers from Russia. The company expects to lose 2 million net subscribers in the June quarter. Netflix Stock Had Its Worst Day in Nearly 2 Decades. What Wall Street Is Saying.

Shares were on course for their worst day in over a decade after the streaming giant reported that it lost subscribers in the first quarter.

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. The shares shed more than a third of their value after markets opened Wednesday. Investors had expected that the company would add new users in the quarter.

The streaming service thrived by doubling down on expensive content, but a brutal start to 2022 brings the strategy into question.

But the suggestions occasionally border on ridiculous (the word “landlord” gets an “inclusive warning”) and some offensive terminology goes unchecked (including the N-word). IBM shares jumped 7% in mid-day trading Wednesday after the company beat first-quarter analyst projections and issued a strong forecast for the rest of 2022, CNBC reported. Now the group is strategizing about how to target Amazon, which they see as a much more formidable opponent. The company has a nearly 25-year track record of successfully navigating the video and streaming industries. A report by Wired on Wednesday details how Gen-Z For Change, commonly known as the “progressive movement’s TikTok army,” has mobilized some of its estimated 540 million social media followers to support several unionization campaigns, including one against Amazon. While the group’s tactics have skewed a bit sophomoric to date—members helped flood union-busting companies with tens of thousands of bogus job applications—its organizers plan to launch a larger movement backing organized labor. However, a 5% decline in first-quarter orders in North America prompted a re-evaluation of the acquisition. Just one year after acquiring Grubhub in a $7.3 billion deal, the online food ordering company Just Eat Takeaway.com is looking to sell the unit amid a dropoff in sales, The Wall Street Journal reported Wednesday. The Dutch company completed its purchase of Grubhub in 2021 as part of its expansion into the U.S., where online food delivery orders spiked during the pandemic. IBM’s revenue reached $14.2 billion, better than the analyst consensus estimate of $13.9 billion and up 7% year-over-year. The company lost 200,000 net subscribers to start the year—its first quarter decline in a decade—and projected another 2 million net subscriber defections in the next three months. For now, Netflix executives plan to stay the course. Apple, Amazon, and Alphabet built themselves into sprawling tech behemoths, to the point that antitrust advocates want to break them up. (Its 222 million global subscribers still leads the pack by a wide margin.)

Upholdings founder and portfolio manager Robert Cantwell discusses the billionaire's $400 million loss on Netflix.

That 200 million subscribers is not actually enough viewers for the amount of money that they're spending on content. We think it's also likely that they're going to get into licensing their content to other potential channels or even linear television to help get higher returns on their content investment. It lacked the level of unit economic depth that we've been accustomed to when Bill Ackman is getting involved in a real estate company or a retailer like Lowe's or Starbucks. And so we think even leading up into the quarter, he was getting a lot of negative feedback on the position that he took as quickly and as aggressively as he took it.

Netflix suffered further indignity on Wednesday when its share price suffered ​​its worst day in almost two decades. The global streaming leader earlier ...

21 April 2022 @ 13:02:00 UTC The streamer however will need to find a balancing point, with previous ‘comfort viewing’ favourites like The Office and Friends having been placed on their respective rights owners’ proprietary streaming services. In an effort to allay investor concerns, Netflix co-CEO Reed Hastings said on Tuesday that it would look to add an advertising-supported tier to the streamer – which has a US asking price of US$15.49 per month for its standard tier. The streamer’s share price immediately dipped by 23%, but this was made even worse on Wednesday when the share price continued to tumble. The global streaming leader earlier this week reported its Q1 earnings, announcing that it had lost 200,000 subscribers during the period. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.

Ackman's hedge fund Pershing Square Capital Management made an abrupt U-turn, selling the 3.1 million shares it had bought just three months ago as Netflix' ...

That is why we did so here," he wrote. Profitable hedges helped Pershing Square survive the early days of the pandemic in 2020 and then again in recent months as interest rates began to rise. Its decision in early March to suspend service in Russia after it invaded Ukraine resulted in the loss of 700,000 members. Netflix said it had lost 200,000 subscribers in its first quarter, falling well short of its modest predictions that it would add 2.5 million subscribers. After the sale, Pershing Square's portfolios are off roughly two percent for the year, Ackman said. In January, the investor funneled over $1 billion into the streaming service just days after a disappointing forecast for subscriptions pushed the share price lower.

Pershing Square Holdings, Ltd., in a letter to shareholders, said Wednesday it sold its investment in Netflix Inc.

Netflix shares touched a 52-week low on Wednesday, after the company said it lost subscribers in the first quarter. Earlier in the session, it touched a 52-week low of $212.51 per share. “Reflecting this loss, as of today’s close, the Pershing Square Funds are down approximately 2% year-to-date,” he wrote.

Bill Ackman yesterday announced his New York-based Pershing Square Capital Management was parting with the investment due to the firm's 'unpredictable' ...

When Netflix first U-turned from DVD-rental to home streaming the company had very few competitors, but has seen a flurry of competition grow in recent years. However, one of the group's biggest competitors is also the desire from customers to spend any time away from screens. Netflix also continues to face competition from Amazon, which acquired James Bond studio MGM last month in an 8.5 billion dollar (£6.5 billion) deal to build a library of content for subscribers. Netflix predicted that another two million users will leave in the three months to July. Netflix said the challenging economic backdrop, war in Ukraine, slowing rollout of broadband in some countries and the large number of subscribers sharing their account details with non-paying households have all contributed to the decline. It will also hope that the return of top performing series - such as Stranger Things next month - will halt customers thinking about axing their subscriptions. at a time when the firm is raising prices across the board to generate enough cash flow (which is currently negative) to maintain an entertaining line-up of shows'. The company could also clamp down on customers sharing their accounts with other households. The company said its profits dropped 6% over the latest quarter and the downbeat outlook could suggest an even sharper profit decline could be on the cards. Experts at Kantar said earlier this week that around 1.5 million subscriptions have been axed in the UK since the start of 2022. As customer spending comes under pressure, the group faces increased demand for high quality content in order to justify people's subscription fees. Netflix is losing billions of dollars a year because of illegal password-sharing 'marketplaces' that offer access for just $1, experts have claimed.