Netflix continued to lose subscribers in the second quarter as the company tried to assuage fears about its business prospects, telling investors it was “confident and optimistic about the future”.
The streaming group lost about 1mn subscribers in the second quarter, a smaller loss than the 2mn it had forecast would cancel their accounts and was helped in part by the release of a new season of the hit show Stranger Things.
However in the third quarter, Netflix projected it would gain 1mn subscribers, a slower turnround than the 1.8mn sign-ups that Wall Street analysts had expected.
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