Netflix loses 200,000 subscribers in first quarter

After experiencing unprecedented growth during the pandemic, Netflix is now losing subscribers.

The global streaming giant said Tuesday that it lost 200,000 subscribers in the first quarter, missing its own projections of adding 2.5 million customers, and marking the first decline in a decade.

The company estimated it would lose two million global subscribers in the current quarter.

Although Netflix remains the dominant player in streaming with 222 million subscribers