Demographics and density matter.
1899 was a detailed slow burn, not something you could throw on in the background while you're doom scrolling and still capture 90% of. Wednesday was a shallow faux-dark drama for the kids on holiday. We watched one episode, decided it wasn't for us, watched one more just to make sure, then never picked it back up.
Minors are where the money's at. Just look at YouTube and Twitch. Content for mature audiences is effectively over.
Edit: I should explain. We preferred to sit down to give 1899 our full attention. It's shot very dark, so we had to watch it at night after work and dinner, and when we were too tired, we waited until the next night to continue. Between holiday planning, wrapping gifts, shopping, travel, and all of the obligations that arose shortly after 1899 came out, we only managed half the season and haven't had time to complete it or any other show since returning to work. 1899 isn't really a show you can watch on your phone while you're brushing your teeth or async with another person, but it's so a bit much to binge.
So, obviously, we're not who Netflix makes shows for. We don't buy merch or follow stars on the social media we don't have. Our interaction is limited to watching and rating in the app and talking to coworkers and family about it.