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Asharq Al-Awsat

Entertainment

Asharq Al-Awsat

Netflix Subscriber Numbers Drop Two Quarters in a Row

Netflix Reed Hastings Ross Benes Microsoft

A smartphone with the Netflix logo lies in front of displayed "Streaming service" words in this illustration taken March 24, 2020. REUTERS/Dado Ruvic

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.

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