Netflix loses 970K subscribers in Q2, forecasts Q3 gains

Netflix continued to lose subscribers in the second quarter, though net global losses of 970,000 weren’t as bad as the streaming giant’s guidance from last quarter which had anticipated losing around 2 million.

Netflix on Tuesday reported its most recent financial results and ended the period with 220.67 million paid global subscribers. Its loss of nearly 1 million subscribers compare to net additions of 1.5 million in Q2 2021 and losses of 200,000 in the first three months of 2022.

Source: Netflix loses 970K subscribers in Q2, forecasts Q3 gains