by Leah Montebellow at Citi A.M.
Netflix has lost nearly a million subscribers this quarter as the tumbling user count continues for the streaming giant.
Announcing its second quarter results, the company said subscribers dipped by 970,000 April through June.
The good news for Netflix was that the fall wasn’t as deep as first predicted back in April, and shares jumped as much as eight per cent following the news.
Netflix estimated new customer additions for July through September would amount to one million, below Wall Street expectations of 1.84 million.
However, investors have reacted more positively this evening after the first bleak outlook back in April, when subscribers were down 200,000.
Not only did this cause the share price to plunge…
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