Netflix subscriber numbers drop two quarters in a row ...Middle East

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Netflix subscriber numbers drop two quarters in a row
SAN FRANCISCO: Netflix reported losing subscribers for the second quarter in a row Tuesday as the streaming giant battles fierce competition and viewer belt tightening, but the company assured investors of better days ahead.The loss of 970,000 paying customers in the most recent quarter was not as big as expected, and left Netflix with just shy of 221 million subscribers.“Tough in some ways, losing a million and calling it success, but really we are set up very well for the next year,“ the company’s co-chief and founder Reed Hastings said in an earnings presentation.The company said in its earnings report that it had expected to gain a million paid subscribers in the current quarter.Netflix

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