Just one reason their stock price is down. They no longer report subscriber numbers — you can probably guess why. It’s strange to me that a public company can just hide data from investors that might reveal when a company isn’t doing so hot.

It’s also stupid they would clamp down like this on ad-supported plans. Advertisers want eyeballs, and this means less of them. Reminds me of Reddit moving to a log-in only model.

https://www.fool.com/investing/2026/07/15/with-netflix-down-45-from-its-highs-viewer-engagem/

https://www.businessinsider.com/netflix-engagement-data-earnings-subscribers-stock-wall-street-2026-7

I will never understand investors. Anyone with half a brain can put two and two together when a company starts hiding anything. Investors have no idea what they're doing, they just trust the customer will make them money, get angry when they've been duped, and will do it again.

Not all investors are in it for the long run. Some just expect a short boost or go short betting on a loss.

I fucking hate Netflix!

Jellyfin doesn't have this problem

I think I’ve watched things on like five devices at once on my Jellyfin. Never had this issue.

In this case, the ads are probably bringing in less per viewer than the service costs, so having non-paying viewers is still a net negative.

Clamping down on this is probably a worse negative in the long run, but investors only care about this quarter.

same on plex, and it was recording shows on live streams at the same time

Considering how many streamers are encouraging people to sign up for the ad-supported plans, I think they’re making more money from the ads. Of course, they’re double-dipping just like the cable companies used to do. Charging for a subscription, and then making even more money by showing you ads. The OP’s screenshot is like how they used to charge for each cable descrambler box in a home. Wanna watch in both the bedroom and the living room? Pay up!

It’s just greed.

If you must use a streaming service check out Pluto TV

Sing with me lads

Ohhhhhhhh🎵

Do what you want cuz a pirate is free 🏴‍☠️

This is a problem of their own making having started off so lenient with account usage. In the end, it's their house and their rules though. Deal with it or set your sails.

I continue to be glad I've not paid for a streaming service, cable, satellite, or any other tv/media service in the entirety of my life.

My mother stopped paying for satellite tv in like 2014ish, my sister stopped paying for Netflix in 2019, and I've provided an Emby server with an Ombi and arr stack based requests system to my whole family since 2017.

Those services have done more than enough to prove they don't deserve my money.

Their content has quickly become shit tier. Every new show seems like an attempt to check as many boxes as their hits from over five years ago. Spreadsheet programming. That or low budget docuseries.

But that's programming everywhere now. Who woulda thought that consolidating the entire entertainment industry into three players would have negative consequences.

Fair enough- hoist the flag, me hearties.

Why aren't you using Stremio + Torrentio? Higher quality anyway.

Buckle up my man. Remember how shit programming got during, and then following, the writers guild strike? How many shows just...could not recover?

Imagine if the writers were to strike again. They'd be replaced with AI scabs in a heartbeat.

The stress test I did had 6 transcoding streams going on my Emby server with an Intel Arc A310, without breaking a sweat. It never has more than 3 streams going at a time in normal usage though so I stopped testing at 6.

They haven't already?

The AI isn't technically a scab since the people it replaced weren't striking.

Not if everyone is on your network. Otherwise it does have some problems

Plex. Jellyfin is fine too, I am just used to Plex and prefer it’s interface. I don’t mind paying a few dollars per month for it.

Fuck em. Lots of free media out there. My local library has all sorts of stuff, and that's not even considering what's out on the high seas.

No way, Pluto has unlockable ads.

Tubi and Fawesome's ads are blocked with UBlock Origin on Firefox.

Advertisers want eyeballs, and this means less of them. Reminds me of Reddit moving to a log-in only model.

Not sure if you're being rhetorical, but I'll answer anyways. The reason Reddit wants you to log in is to better track you, no duh. The reason that makes them more money is because better data means better ad targeting, and better ad targeting can be translated to results like a better click through rate. When a platform has that, they can incentivize more advertisers to spend more money on their platform.

That way, each time they sell an ad, that ad can be more expensive. It's undeniable that demanding logins will be bad for the number of ads they sell, but if they can sell higher quality ads, they'll make more money at the end of the day.

This whole thing is the core driver behind privacy being eroded at scale, because ad targeting has proven effective, and so advertisers want to advertise on the platform with the best targeting. So everyone wants to spy on their users the best and build the best targeting.

Ironically, I've been finding myself using Netflix again after years (stayed subscribed for the wife and MIL) to watch One Piece, a show about pirates, since I can access it at work and also because they skip both the intro and recap unlike Plex which only skips the intro.

Ya'll are still paying for this shit? LOL.

It’s also easier to control scraping by requiring an account.

Dude, Jellyfin and Tailscale is amazing.

To be fair, too many people are using your account. 0 people should be on it.

They aren’t stopping reporting subscriber numbers, what are you talking about? They’re dropping from reporting it twice a year to just once a year. Annual growth is really all that matters after all. What matters far more is revenue, profit, and cash flow - all of which are still reported regularly.

Stock prices falling after earnings calls is basically the norm because no matter how well they go, even beating expectations, some people wanted more - and you can’t ignore the market manipulation by big players who try to manufacture drops so they can increase their position. Spook people to sell and drop the price so they can buy more at a reduced price.

Netflix met or exceeded their targets as they have basically every single time for years. Their revenue grew double digits, their margins are getting healthier, and their viewing hours increased.

Who remembers netflix’s “Love is sharing a password.” tweet?

the biggest reason is, them cancelling too many shows too soon. after 1-2 season, the show ceases to ecist. 3 if you are lucky and its thier way of forcing its end.

Arrr me mateys year media media is freeeeee and ad-less

Just download the content in the app and disconnect the internet before watching...

This is coming from a person with a Plex lifetime pass for the last 15 years. Fuck Plex and their greed.

I was on the same boat as you, but this year I switched to Jellyfin and could not be happier. It actually feels smoother for me than Plex. Also there are a pot of little quality of life improvements which did not work on Plex for me, like always auto loadng subtitles in my language of choice.

You can download on the TV?

Plex will also auto select subtitles for your language of you set it up, and jellyfin currently can desync subtitles if you skip forward enough.

I don't really have a preference between the two, but jellyfin still feels rough around the edges in places.

You'd still be downloading Torrents which isn't possible or preferable for everybody.

A good solution is to add a cheap debrid service that acts as a downloader+cache for the torrents and serves them to you at gigabit speeds. Torbox has a $3/month subscription that would already make your experience extremely good.

People who live in Germany: don't. You'll get caught.

I pay for Netflix and share with my sister in laws family and they pay for Hulu and Disney plus. Good trade off imo

Plex is good for those in our circles who only know of VPNs from ads on YouTube.

Jellyfin is great and all but not something you can just expose to the internet and hope for the best.

Or just learn to VPN

my thought exactly:))
1 is already 1 too many

Love is sharing good torrent trackers.

Seriously. Libraries. Support your local library!

Stremio + torrentio addon and Alldebrid. Just 3 bucks a month.

If youre stupid enough to use torrent without a VPN maybe.

I dont think there is a single case in Germany where a person was punished for downloading. Its always uploads that get you.

I cancelled my Netflix several years ago literally the very first time I got an error that too many people were watching or a screen wasn't authorized or whatever the specific "you can't share your account anymore" error was at the time.

The fact that account sharing was tacitly allowed was literally the only thing keeping the value proposition of having the account afloat.