Netflix Actually Started Losing Subscribers Last Quarter
Netflix (NASDAQ: NFLX) just had its best second quarter ever, adding over 10 million global subscribers. Subscriber growth was fueled by the coronavirus pandemic, as consumers sought out more home entertainment.
Subscriber numbers exhibited hockey-stick like growth in March and early April, but began to level off by May. By the end of June, Netflix's weekly subscriber net additions chart started moving downward. It actually started losing subscribers.
Image source: Netflix.
Source Fool.com
