After experiencing surging growth during the pandemic, the company that ushered in the streaming revolution finds itself in unfamiliar terrain.
Netflix said Tuesday that it lost 200,000 subscribers in the first quarter, missing its own projections of adding 2.5 million customers and marking the first decline in more than a decade.
The streaming giant estimated it would lose 2 million global subscribers in the current quarter, an extraordinary contraction for a company that transformed the television industry and drew legions of customers with ad-free binge viewing.
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