Netflix News, by MarketWatch | July 19, 2022:
Source: marketwatch.com Netflix lost fewer subscribers than forecast and expects to win them back quickly, boosting stock Jon Swartz, , Jeremy C. Owens 4-5 minutes Netflix Inc. lost fewer subscribers than expected in the second quarter and expects to add even more in the current quarter, helping the stock shoot higher in after-hours trading Tuesday. Netflix NFLX, +5.61% reported a net loss of 970,000 paid subscribers in the second quarter, while analysts on average were forecasting a reduction of 2 million net additions, according to FactSet. Netflix told Wall Street to expect 2 million subscribers to leave three months ago, while reporting its first subscriber decline in more than a decade and a miss on revenue. In a letter to shareholders, Netflix executives said they expect 1 million new subscribers to join in the third quarter, with rev