For those of us outside the world of high finance, it is rare to take deep satisfaction in the financial status of any company that doesn't sign our own checks. But the most recent Netflix quarterly report was, in many ways, a thing of bad-news-equals-good-news beauty.
The streamer lost 970,000 subscribers during the last few months, almost four times the number it lost last quarter, offering conclusive proof that it is not a supernatural juggernaut immune to the slings and arrows of outrageous fortune — or its own mistakes.
But the loss was far short of the 2 million Netflix had predicted, a number that would indicate the sort of freefall no industry likes to see.
