Why are people canceling their Netflix subscriptions?

People are canceling their Netflix subscriptions for a variety of reasons. One significant factor is the increasing competition in the streaming market, with numerous alternatives such as Disney+, HBO Max, and Amazon Prime offering compelling content libraries and sometimes lower prices. Additionally, financial concerns due to economic downturns or personal budget constraints can lead subscribers to re-evaluate their monthly spending, often choosing to cut non-essential services like streaming platforms. Content-related issues, such as dissatisfaction with the removal of popular titles or the lack of interesting new releases, also play a role. Price hikes by Netflix further contribute to the decision as subscribers seek better value for their money. Lastly, some users may choose to cancel their memberships because of controversies surrounding certain Netflix content or corporate decisions that do not align with their personal values.