Netflix lost 200,000 subscribers globally in the first quarter of 2022—and predicts it will lose another 2 million subscribers in the second quarter. In January, the company predicted an uptick in subscribers of about 2.5 million subscribers. Its first-quarter letter to shareholders (pdf) explained the disconnect which left it with 221.6 million subscribers total, down from 221.8 million at the end of 2021:“Covid clouded the picture by significantly increasing our growth in 2020, leading us to believe that most of our slowing growth in 2021 was due to the Covid pull forward. Now, we believe there are four main inter-related factors at work.”Read the rest of this story on qz.com. Become a m
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