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Netflix Loses 970K Subscribers In Q2

Entertainment Industry Workers Vote To Strike, Threatening Hollywood Productions

Photo: Getty Images

Netflix is losing subscribers, but the numbers aren't as bad as originally feared. 

In its latest earnings report, the streaming giant said it lost 970,000 subscribers in the second quarter. It had originally predicted a loss of about two-million. 

On the revenue side, Netflix just missed expectations by making 7.97 billion dollars. Earnings per share was 320, about a quarter better than expected.


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