Netflix loses nearly 1M subscribers, but beats expectations ...Middle East

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Netflix loses nearly 1M subscribers, but beats expectations
source : The Hill ( Middle East ) () 19
Netflix announced it lost its largest number of subscribers in the last three months on Tuesday, though the figure beat its expectations. According to the streaming service's quarterly earnings report, Netflix lost 970,000 subscribers, beating its originally forecasted 2 million subscriber loss in an April shareholders letter. Netflix stock jumped after the release of the better-than-expected earnings on Tuesday.  But the company, still reeling after a challenging year and growing competition, said it will push forward with plans to add in an ad-supported model and features designed to crack down on account sharing.  Netflix said it is planning to launch an ad-supported tie

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