Jennifer Maas TV Business WriterNetflix reported its first-quarter 2022 earnings Tuesday, revealing how the company did in terms of subscriber signups and financial growth in the three-month period that included the debuts of “Bridgerton” Season 2 and “The Adam Project.”The streaming service lost 200,000 subscribers in Q1 and said it expects to lose another 2 million in the current second quarter.
In January, Netflix reported it had 221.84 million subscribers at the end of 2021. The new total is 221.64 million subs.Netflix previously forecast 2.5 million paid net adds in Q1 while Wall Street analysts expected Netflix to add 2.8 million new subscribers worldwide in the first quarter vs.
3.98 million in the year-earlier period, according to FactSet. In January, Netflix announced that it was hiking prices in the U.S.
and Canada — a move that aimed to boost revenue but was seen as likely to result in higher cancellation rates in its most mature and slowest-growing region.
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