According to a letter sent out to shareholders, Netflix lost 126,000 paid subscribers in the U.S. during quarter 2 this year.
They had projected growth of 352,000 subscribers heading into the quarter, following better than expected growth in quarter 1.
It’s not quite time to hit the panic button just yet, but Netflix just lost subscribers in the U.S. for the first time in nearly a decade.
Netflix still has nearly 150 million subscribers worldwide, and nobody else is even close.
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