On April 19 of last year, Netflix had some problematic news for investors: A closely watched metric, paying subscribers, was falling for the first time in a decade. The overall 200,000-subscriber drop was less than 1% of the company’s customers, but with a second, much bigger drop expected in Q2, Wall Street reaction was swift and brutal.
Our Netflix Q1 2022 earnings story: Netflix Shares Crater Around 25% as Service Loses 200,000 Subscribers in Q1
