News > Netflix Loses 200,000 Subscribers In Less Than 100 Days

Netflix Loses 200,000 Subscribers In Less Than 100 Days

International Business Times | 20/04/2022 03:35 PM | Click to read full article

Netflix shares lost a quarter of their value Tuesday after the company revealed its ranks of subscribers shrank in the first quarter of this year.

It was the first time in a decade that the leading streaming television service had lost subscribers. The company blamed the quarter-over-quarter erosion to the suspension of its service in Russia due to Moscow's invasion of Ukraine.