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  • Los Angeles Times

    Netflix loses nearly 1 million subscribers, but helped by 'Stranger Things'

    The popularity of sci-fi series "Stranger Things" helped Netflix fight back against a stream of subscriber cancellations. The Los Gatos, Calif.-based streamer said Tuesday that it lost 970,000 subscribers in the quarter, marking the second consecutive quarter of subscriber declines. Nonetheless, the drop was not nearly as bad as the 2 million cancellations Netflix had forecast. The results ...
    by Wendy Lee, Los Angeles Times Jul 19, 2022 3 minutes
    From left, Caleb McLaughlin as Lucas Sinclair, Gaten Matarazzo as Dustin Henderson and Sadie Sink as Max Mayfield in Season 4 of "Stranger Things."

    The popularity of sci-fi series "Stranger Things" helped Netflix fight back against a stream of subscriber cancellations.

    The Los Gatos, Calif.-based streamer said Tuesday that it lost 970,000 subscribers in the quarter, marking the second consecutive quarter of subscriber declines.

    Nonetheless, the drop was not nearly as bad as the 2 million cancellations Netflix had forecast.

    The results came as a relief for the company as it faces steep competition from rivals

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