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Los Angeles Times
Los Angeles Times
Business
Wendy Lee

Netflix loses nearly 1 million subscribers, but helped by 'Stranger Things'

Netflix Michael Pachter

The popularity of sci-fi series "Stranger Things" helped Netflix fight back against a stream of subscriber cancellations.

The Los Gatos, Calif.-based streamer said Tuesday that it lost 970,000 subscribers in the quarter, marking the second consecutive quarter of subscriber declines.

Nonetheless, the drop was not nearly as bad as the 2 million cancellations Netflix had forecast.

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