Netflix Says Stranger Things 4 Gave It A Boost But It Still Lost A Million Subscribers
Netflix had been expecting to lose two million subscribers this quarter. Addressing the question what drove the better-than-expected results, the streaming company’s CEO Reed Hastings said: “If there was a single thing, we might say Stranger Things”. SEE: The 5 best Netflix alternatives: Binge-watch elsewhere In the first three months of 2022, Netflix recorded its first ever quarterly decline in paid subscribers since 2011. It lost 200,000 paid subscribers and predicted it would lose two million in the next quarter....