Industry News

Disney Plus and company just dealt another big blow to Netflix

21 July, 2022

Netflix's competitors have delivered another telling blow to the world's biggest streamer amid its ongoing subscriber issues.

Yesterday (Tuesday, July 19), Netflix revealed it lost another 970,000 subscribers between Q1 and Q2 2022 – a significant loss that's sure to hit it financially at some point, despite a slight increase in its overall revenue.

However, while Netflix tried to put a positive spin on things – namely, talking about Stranger Things 4's massive success and a launch window for its ad-supported subscription tier – the streaming giant suffered another hit as its Q2 earnings report was taking place. And, this time, Netflix's major competitors are behind its latest gut punch.

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