Written by Dante Uzel on 30 July 2024 10:57
According to recent reports. Dan Clancy, the head of Twitch, has acknowledged that the streaming service continues to be unprofitable. As Twitch nears its tenth anniversary under Amazon’s ownership, concerns are growing about the platform’s future.
A Wall Street Journal report reveals that insiders fear Twitch might become a "zombie brand"—an acquisition that gets sidelined due to poor performance, similar to other Amazon properties like Goodreads and Woot. Employees are also anxious about the possibility of more layoffs following an annual review, especially after the platform cut over 500 jobs earlier this year in a cost-cutting move.
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Moreover, Twitch's top spenders, a key revenue source, have reportedly reduced their spending on subscriptions and donations. Internal projections indicate that this decline could lead to a loss of nearly a quarter of a billion dollars in revenue by the end of 2025.
Tags: Twitch
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