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The New Daily
The New Daily
Entertainment
Sezen Bakan

Why Netflix was happy to lose a million subscribers

Netflix Peter Cox Reed Hastings
Streaming giant Netflix has lost another 970,000 subscribers in the second quarter, its biggest such loss in its 25-year history. Photo: TND/Getty

Netflix lost almost one million subscribers over the second fiscal quarter – but that’s almost good news for the streaming giant.

The company had predicted a loss of two million subscribers, so the results for the US second quarter released on Tuesday (Australia time) comes as a minor victory.

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