Can Stranger Things Stop Netflix's Subscriber Bleed?
Netflix (NASDAQ: NFLX) shocked investors when it not only reported its first subscriber loss in over a decade in the first quarter but also said losses would worsen in the second quarter. Management expects to lose two million subscribers between April and June this year.
But it just had one of its biggest releases of all time: the fourth season of Stranger Things. The latest season became the biggest English-language series debut ever for Netflix, besting last quarter's Bridgerton season two. And fans will have to keep their subscription through July to see the finale of the two-part release.
Netflix LA offices. Image source: Netflix.
Source Fool.com
