For the first time since 2011, Netflix lost U.S. subscribers

On Wednesday, Netflix revealed its slowest growth period to date in a 2019 quarterly earnings report.

Other subscribers believed the threat of competitor streaming services might have played a part in the unexpected decline. The statement continued: “We don’t believe competition was a factor since there wasn’t a material change in the competitive landscape during [the second quarter of the fiscal year], and competitive intensity and our penetration is varied across regions .”The streaming giant maintained that it beat its subscriber growth forecast in the last quarter and that subscription numbers are not, as reported, “steadily declining.

“[The first quarter of the fiscal year] was so large for us that there may have been more pull-forward effect than we realized,” the company noted.

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