Streaming service Netflix lost 970,000 subscribers in the second quarter of 2022. This is better than predicted as the service was expected to lose two million paying subscribers, according to The Hollywood Reporter..

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But even with that loss, Netflix expects to add one million subscribers by the end of the third quarter.. So far, 220.67 million people have signed up for the service, up from 221.64 million in the first quarter..

The largest outflow was observed in the US and Canada, where Netflix lost 1.3 million subscribers, in Europe, Africa and the Middle East the number of paid subscriptions decreased by 770 thousand, but in Latin America, on the contrary, it increased by a thousand. The Asia-Pacific region made the largest contribution to the growth of Netflix subscribers, here the number of new subscribers exceeded one million.

The company's revenue for the reporting period exceeded 7.97 billion dollars, and profit - 1.44 billion dollars.

Recall that in the first quarter of this year, Netflix lost 200,000 subscribers, this was the first drop in their number since 2010.. This was due to the fact that the service left the Russian market after a full-scale invasion of Ukraine, as well as an increase in the cost of a subscription in the main markets.