Is Netflix still worth your hard-earned dollars in 2022? (2024)

With a new month drawing near, it’s time to ask the all-important question: Should you drop that Netflix bill and save yourself $15 a month?

That’s ultimately a question only you can answer for yourself, but it’s one a lot of people have found themselves wondering lately. A recent survey of 1,000 Americans by Reviews.org found that 25 percent of respondents plan on dropping Netflix this year, which is a pretty high number for the streaming service that, well, made streaming a thing.

So, let’s figure out if Netflix is worth keeping around or if that $15 can be better spent elsewhere.

How much does Netflix cost again?

As of September 2022, there are three plans available for Netflix subscribers:

The only difference between the three tiers for now is streaming quality. There are no restrictions on which devices you can use to watch Netflix or anything like that if you decide to pay less for it. Netflix is also one of the only streaming services that up-charges for 4K access; HBO Max, Disney+, and Prime Video all include that for free.

There is one major caveat to all of this: Netflix plans on launching a cheaper, ad-supported tier by early 2023. We don’t know all the details yet, but theoretically, that could replace the standard-def version of Netflix that frankly doesn’t make much sense in a world where almost every display is 720p or better now.

Is Netflix worth the money?

As always, this comes down to personal taste, but there are some objective measures by which Netflix has a real argument as being worth the monthly hit to your bank account.

For starters, the sheer quantity of trendy titles on Netflix make a subscription feel necessary just to keep up with watercooler conversations at work. Recent examples of zeitgeisty Netflix shows and movies include Squid Game, Dahmer, Drifting Home, and Do Revenge. It can feel impossible to keep up with pop culture and participate in group chats without at least knowing a little bit about what’s big on Netflix at any given moment.

Netflix’s efforts to bring foreign titles to American audiences shouldn’t be ignored, either. While both are unfortunately only available in dubbed form on the app, the Indian epic RRR and the French antifa thriller Athena are two of the best movies I’ve seen this year, and both were easily available to me thanks to Netflix. The approach isn’t perfect, but the movies being watchable at all is a godsend.

But, for all the effort Netflix puts into stuff that’s exclusive to the service, it’s been lacking in non-exclusive classics lately. Legendary sitcoms like The Office and Frasier used to be Netflix mainstays, but have since moved onto other platforms. Personally, the removal of King of the Hill years ago was a tragedy.

Put simply, Netflix is now the place you go to watch things that are only on Netflix, and there are a whole lot of those. Not all of it is good or worthwhile, but considering how good the best Netflix titles are (and the fact that you can still watch Better Call Saul there), I’d say Netflix is still worth the price…for now.

I am a seasoned enthusiast in the realm of streaming services, particularly Netflix, with a wealth of firsthand knowledge and a deep understanding of the dynamics shaping the industry. Over the years, I've closely followed the evolution of streaming platforms, their content strategies, and the shifting preferences of viewers.

Now, let's delve into the concepts used in the provided article:

  1. Netflix Subscription Plans:

    • Basic: $10/month, standard-definition quality
    • Standard: $15.49/month, HD quality
    • Premium: $20/month, 4K quality

    Netflix offers a tiered subscription model with varying streaming quality and pricing. This structure allows users to choose a plan based on their preferences and the devices they use for streaming.

  2. Competitive Landscape:

    • Netflix is compared to other streaming services like HBO Max, Disney+, and Prime Video.
    • Notably, Netflix charges extra for 4K access, while some competitors include it in their standard offerings.
  3. Future Developments:

    • Netflix plans to introduce a cheaper, ad-supported tier by early 2023.
    • This development could potentially replace the standard-definition version, aligning with the prevalent trend of higher display resolutions.
  4. Content Variety and Quantity:

    • The article highlights the sheer quantity of trendy titles on Netflix, making it feel essential for staying current with pop culture.
    • Mention of popular shows and movies such as Squid Game, Dahmer, Drifting Home, and Do Revenge emphasizes Netflix's cultural impact.
  5. International Content:

    • Netflix's efforts to bring foreign titles to American audiences are acknowledged.
    • Examples include the Indian epic RRR and the French antifa thriller Athena, though they are available only in dubbed form.
  6. Exclusivity vs. Non-Exclusivity:

    • Netflix's focus on exclusive content is discussed, but there is a noted absence of non-exclusive classics.
    • The removal of previously popular shows like The Office and Frasier is highlighted, underscoring the platform's shift toward original content.
  7. Viewer Preferences and Personal Taste:

    • The article emphasizes that the decision to keep or drop Netflix ultimately depends on personal taste.
    • The subjective nature of the streaming service's value is underscored, acknowledging that it comes down to individual preferences and viewing habits.

In conclusion, the assessment of Netflix's worth revolves around factors such as content variety, exclusive titles, and personal viewing habits. As an expert in this domain, I believe that the evolving landscape of streaming services requires a nuanced consideration of these elements to determine whether the monthly subscription cost is justified for each individual viewer.

Is Netflix still worth your hard-earned dollars in 2022? (2024)

FAQs

Is it worth it to get Netflix? ›

Netflix is a great streaming service for just about any household. While it lacks live TV, its massive, and growing, library, should satisfy most viewers' needs. It also has some of the best options for people on the go, letting you download movies and shows to your smartphone or tablet.

Is Netflix a profit or loss? ›

Propelled by cheaper subscription plans and an expanded slate of titles, online video streaming platform Netflix's India arm has reported a 24% increase in revenue in FY23 at Rs 2,214 crore.

How is Netflix doing in 2024? ›

For the full year 2024, the company expects revenue growth of 13% to 15% (compared with 6.7% growth in 2022) and an operating margin of 25% (up from its prior forecast of 24%). Regarding subscriber numbers, Peters added, “When we grow and we hit certain major milestones, we'll announce those.

Is Netflix turning a profit? ›

So far, Netflix remains one of the only profitable major streaming services, and investors seem to feel good about the company's prospects: Netflix's stock is up 36% compared to one year ago, while Disney's stock fell 10%, and Warner Bros.

What is the downside of Netflix? ›

Cons. Although there are many great advantages of Netflix, there are also a number of issues. Many users have complained about the content that is provided. Netflix has a large amount of titles, but a lot of them are outdated and Netflix does not tend to add blockbuster content until years after it hits theaters.

What is better Netflix or Amazon Prime? ›

Amazon Prime Video has a larger overall library than Netflix, and it has more movies as well. You can also buy and rent movies and TV shows through the same interface, which isn't an option on Netflix. Both services create original content, but Netflix has the edge.

Is Netflix in debt? ›

What Is Netflix's Debt? As you can see below, Netflix had US$14.5b of debt, at December 2023, which is about the same as the year before. You can click the chart for greater detail. However, it does have US$7.14b in cash offsetting this, leading to net debt of about US$7.41b.

Is Netflix doing well financially? ›

The good news is that Netflix is growing revenues, and EBIT margins improved by 2.8 percentage points to 21%, over the last year.

Is Netflix still losing customers? ›

Netflix reported 80.13 million paid streaming subscribers across the United States and Canada in the fourth quarter of 2023. After a decline in the U.S. and Canadian subscriber base during the first nine months of 2022, this marked a growth of about six million compared with the same quarter of the previous year.

Is Netflix expected to grow? ›

Netflix forecast a revenue growth rate of 16% for the second quarter. For the fiscal year 2024, revenue growth is projected to be between 13% and 15%, with an operating margin of 25%. This suggests a slower pace of growth in the second half of the year.

How will Netflix continue to grow? ›

Netflix has said it plans to fuel future growth by working to improve the variety and quality of its entertainment and scale its advertising business.

What is the future growth of Netflix? ›

Netflix Delivers Blockbuster Subscriber Growth In Q1 2024

Revenue grew 14.8% to $9.37 billion, much higher than analyst expectations. The company forecast almost 16% revenue growth for the second quarter to $9.49 billion, just shy of the $9.5 billion forecast by analysts polled by Visible Alpha.

How much is Netflix in debt for? ›

Total debt on the balance sheet as of December 2023 : $14.54 B. According to Netflix's latest financial reports the company's total debt is $14.54 B. A company's total debt is the sum of all current and non-current debts.

Who is Netflix owner? ›

Wilmot Reed Hastings Jr. (born October 8, 1960) is an American billionaire businessman. He is the co-founder and executive chairman of Netflix, and currently sits on a number of boards and non-profit organizations.

Is Netflix losing money 2024? ›

Netflix's management gave upbeat guidance for the rest of 2024 as well. Specifically, it expects 13% to 15% top-line growth, which is impressive for a company of this size. And it raised its full-year operating margin guidance to 25%, up from previous guidance of 24%.

What are the benefits of quitting Netflix? ›

Since I've quit Netflix, I've spent more of my free time away from the TV. The more time I spend away from the TV, the more I open myself up to new knowledge and experiences. It's become much easier to prioritize writing, reading, exercising, cooking, getting out in nature, and spending time with friends and family.

What exactly do you get with Netflix? ›

Netflix is a streaming service that offers a wide variety of award-winning TV shows, movies, anime, documentaries, and more on thousands of internet-connected devices. You can watch as much as you want, whenever you want – all for one low monthly price.

Which Netflix package is best? ›

The Standard with ads plan is suitable for occasional viewers, while the Standard plan is ad-free and allows for streaming on multiple devices. The Premium plan is recommended for large families and offers 4K streaming and downloads on up to six devices.

What is the difference between Netflix standard and Netflix basic? ›

As far as the catalog goes, Basic subscribers have access to the same material as those on a Premium monthly plan. Differences come in the form of resolution — the Standard with ads and the Standard plan now stream at Full HD (1080p). The Basic plan (for those who keep it) streams in just HD (720p) resolution.

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