The streaming service’s shares have dropped nearly 70% in 2022. In a first-quarter report, Netflix noted a loss of 200,000 subscribers — its first subscriber decline since October 2011.
The success of the latest season of Stranger Things is not projected to offer enough help to right the streaming service’s subscriber trend.
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Netflix earnings are out - the company lost almost 1 million subscribers in Q2Netflix reported its latest quarterly earnings on Tuesday, July 19. The streamer lost a little less than 1 million subscribers.
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