Everything Netflix Lost Since Those Devastating Q1 Earnings Results
Subscribers, Part 1: –200,000. The streaming giant shed 200,000 global paid subscribers in the first quarter of 2022, its first loss in a decade. Some of this was the disruption of service in Russia due to the invasion of Ukraine… Subscribers, Part 2: –2 million. … but it’s mostly because Netflix is realizing a rapidly maturing marketplace in the U.S. and Canada, where the company was down 600,000 subscribers. The sudden impact of that not-so-sudden reality has Netflix expecting to lose another 2 million subscribers by the time it reveals second-quarter (April-June) results in July....