www.gamesradar.com/games/revenue-from-game-subscriptions-like-xbox-game-pass-has-barely-grown-in-2-years-potentially-explaining-microsofts-studio-closures/
"Revenue from gaming subscriptions has reportedly barely increased in the last two years in the US"
One subscription of $10 isn't really a problem in itself, but when every company wants their own subscription service, it's not really that affordable anymore. A "hot take": Gaming subscriptions are not that great of a deal if you are an adult with actual responsibilities and / or other hobbies. All of this is presented like a great deal "FOR $10 YOU GET TO PLAY HUNDREDS OF GAMES"...but will you have the time to actually play so many games? Something like Netflix works better because tv series and movies take considerably less time than most games. Not to mention that Microsoft hurts certain new releases with those Day 1 releases on Gamepass
So I think it depends on how you use it and your personal tastes. If you want to try a bunch of games a game subscription will save you a lot of money.
With netflix you get access to 100s of shows but... I sure won't be watching that many. My family has an Amazon Prime subscription and a Netflix subscription, and I've been picking through a grand total of one (1) show over the past two years because I just don't watch shows much. If that was the only thing we were doing I'd be better off with a box set. That said it's worth it for the family because people I live with watch a lot more than me.
Meanwhile a game pass might have saved me money on games I didn't actually get into or just played some 20 hours of.