Netflix could see its third-quarter streaming subscriber growth hit by the controversy aroundCuties, Wells Fargo analyst Steven Cahall wrote in a Tuesday report, cutting his subscriber forecast for the period in half to 2.5 million, with the full impact modelled to come in the U.S.
and Canada. He now forecasts Netflix will lose 2 million U.S. and Canadian subscribers in the quarter ending on Wednesday, compared with his previous estimate for a 500,000 gain, arguing that "this region bears the brunt of the Cuties detractors." Cahall in his report detailed the math behind his assumptions.
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