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Netflix Stock Prices Up Despite the Service Losing Close to a Million Subscribers

Netflix has reported a loss in subscribers for the second quarter in a row, but managed to breathe a sigh of relief, recording revenue growth in a month characterised by better-than-expected results.

Credit: Netflix

The streaming service on Tuesday, 19 July disclosed that it lost over 970,000 subscribers between April to June of 2022 – a number that’s far lower than its forecast of two million.

In the quarter before, it reported a loss of over 200,000 subscribers, marking the first time the service has lost subscribers in over a decade. The company’