Netflix loses 1.3M subscribers in U.S./Canada in Q2 2022
LOS GATOS, Calif. — Netflix lost 1.3 million paid subscribers in the U.S. and Canada (UCAN) region during the second quarter of 2022, according to the company’s quarterly financial results released today. Its total paid memberships for the UCAN region have dropped to about 73.3 million, according to information in Netflix’s letter to its shareholders. (Please see chart below.) The company’s UCAN subscriber numbers have been trending downward over the last few months. A year ago, Netflix lost 430,000 paid subscribers in Q2 2021. Although it reported 1.2 million net subscriber additions in Q4 2021, it lost 640,000 paid subs...
