Netflix reported Tuesday that it lost 970,000 subscribers in the second quarter of 2022, a number far lower than its own forecasts, which had projected that the streaming giant would lose two million subscribers.
Investors were clearly happy with the results. Netflix's stock jump 8% on Tuesday in after hours trading.
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Netflix said it would add another one million subscribers in the third quarter, which were a bit softer than Wall Street expectations.
So with Wall Street, Hollywood and the media world all hyper-focused on Netflix's subscription numbers, the company momentarily stopped the bleeding during a nightmare year.
This is a developing story.
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