NETFLIX Q2 SUBSCRIBER LOSS WIDENS, BUT NOT AS MUCH AS FEARED
Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions.
The April-June contraction of 970,000 accounts, announced this week as part of Netflix’s second-quarter earnings report, is by far the largest quarterly subscriber loss in the company’s 25-year
