Netflix UK subscriber growth slows to lowest since British launch

Streaming service manages to increase revenues by 12% despite tough market after raising prices

Netflix added the fewest number of new subscribers last year since launching in the UK a decade ago, as the cost of living crisis and a post-pandemic reset" in growth among streaming services hit the US company.

Netflix UK, which has enjoyed annual subscriber growth rates of about 20% in recent years and was buoyed by coronavirus lockdowns, managed to grow its British base by just 4% last year.