Screentime
Netflix’s Million-Customer Loss Avoids Worst-Case Scenario
- Quarterly loss of subscribers is smaller than some had feared
- Management expects 1 million new subscribers this period
This article is for subscribers only.
After losing more than a million customers in the first half of 2022, Netflix Inc. has a message for investors: It could have been worse.
The leader in paid streaming TV lost 970,000 subscribers in the second quarter, according to a Tuesday. That was less than half what Wall Street feared, thanks in large part to a new season of “Stranger Things,” the service’s most popular English-language series.