July 19, 2022
Netflix’s legacy DVD/Blu-ray Disc movie rental business finished the second quarter (ended June 30) with $77 million in revenue from subscribers who choose to rent packaged-media movies through the mail. That was down 20% from revenue of $96 million during the previous-year period. The downward trend has been consistent all year. Netflix Q1 disc rental revenue fell 20% to $37 million, from $46 million in the previous-year period, as fewer subscribers choose to rent new-release movie DVDs through the mail.
The streaming behemoth no longer includes disc rental revenue with its overall streaming revenue. It stopped reporting packaged-media subscriber numbers in 2020.