In a recent letter to shareholders, Netflix has announced that its revenue growth has "slowed considerably" as 200,000 global subscribers have unsubscribed from the service. The streaming giant expects to lose another 2 million subscribers in the second quarter of 2022.

The report then had the further knock-on effect of sending Netflix stock as much as 24% in after hours trading. As CNN reported back in January, Netflix's stock also previously fell as much as 20% in after hours trading due to a bad outlook on its future growth. Elsewhere in the letter, Netflix estimates that 100 million people are using shared passwords--further sapping potential revenue--which isn't surprising to hear as a reported pain point, as in March the streaming service said straight-up that password-sharing is "impacting our ability to invest in great new TV and films."

Although Netflix has tons of highly-anticipated content right around the corner for this year, it's plausible that Season 4 of Stranger Things (May 27), Season 5 of The Crown (November 2022), and Sandman (2022) won't be enough to combat these losses and turn the tide. Earlier this month, Netflix added a new "two thumbs up" option for rating content earlier this month, but that hardly makes the service more enticing in the face of recent price hikes announced in January.