Netflix is still the biggest, most powerful streaming service in the world, but it's been taking its lumps lately. For a variety of reasons (e.g. consumer saturation, increasing competition, lack of availability in Russia thanks to the war in Ukraine), it lost subscribers for the first time ever in the first quarter of this year, and it expected to lose even more in the second quarter: two million, to be exact.
But once the numbers came in, it only lost just shy of one million, so . . . yay? "We are talking about losing one million instead of losing two million, so our excitement is tempered by the less bad results," executive Reed Hastings recently said, per Deadline. "Tough in some ways losing a million and calling it success, but really we are set up very well for the next year," he added with typical sashay.
