Netflix Loses Nearly 1 Million Subscribers Between the Month of April and July

Netflix lost almost 1M subscribers between April and July, as the number of people quitting the service accelerated. The company also faces fierce competition from the likes of Apple TV, HBO Max, Amazon Prime and Disney+.

The subscriber losses reported on Tuesday were the biggest in the firm’s history, with the US and Canada home to the highest number of cancellations in the quarter, followed by Europe.

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