Netflix Loses Nearly 1 Million Subscribers, Vows Rebound

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Netflix suffered two consecutive quarters of subscriber losses for the primary time in its historical past because the streaming large faces continued strain from stepped-up competitors and excessive penetration in main markets.

The corporate misplaced 970,000 paid subscribers, fewer than the two million it had anticipated to lose. Netflix estimated it could add 1 million web new subscribers within the present quarter.

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