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Freeman [soylentnews.org] writes:

https://arstechnica.com/information-technology/2022/07/netflix-loses-970000-subscribers-says-ads-and-new-fees-are-key-to-recovery/ [arstechnica.com]

Netflix yesterday reported a loss of 970,000 paid streaming subscribers in its Q2 earnings [netflix.net] after having lost 200,000 customers in the first quarter of 2022. The company's worldwide paid memberships decreased from 221.64 million to 220.67 million in Q2, and revenue growth has slowed dramatically.

It's the first time in Netflix's history that the company reported consecutive quarters of subscriber losses, The Wall Street Journal wrote [wsj.com]. But the result was better than forecasted, as Netflix had told investors [q4cdn.com] to expect a second-quarter loss of 2 million subscribers.

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