Fix Netflix
Sure, but, Netflix is still the biggest in the industry, so they should have a large share of the top ranked market share offerings. I'm not sure that's indicative of the direction they're headed though. They're currently hemorrhaging subscribers and a lot of people are no longer watching enough content to justify the $20+ monthly subscription.
Before we get too far ahead:
200,000 subscriptions sounds like a lot, but globally, Netflix has 222,000,000 subscribers. A drop of 200,000 subscriptions is 9.009009009009009e-4% of total subscriptions.
We don't really know why subscriptions dropped. Could be content, sure, but obviously the pandemic has had an impact on content everywhere. Add to that, Disney took some of the best shows Netflix had (Punisher, Jessica Jones, Daredevil, etc).
It could also be the global inflation that many countries are going through, and people are cutting back on expenses. You have to keep in mind, TV viewing in the US is very different than viewing in other countries. There is a lot of content you get for free over the air that you'd have to pay for in the U.S., and OTA viewing is certainly more common in countries outside the U.S.
Password sharing is a problem, sure.
Then there is investor panic during an inflationary period. They see any sign of trouble, they bail out. Netflix's main business is streaming, unlike Disney, or Apple, Amazon, Paramount, etc.
So we can speculate why Netflix lost relatively few subscriptions (200,000 of 222,000,000 million ) last month, but we really don't know. It could be that Netflix will run out of subscribers worldwide by the end of the year, or it could be not. Who knows.
But let's not toll those death knells yet, and pretend we know what is going on globally based on a narrow local view.