Netflix Q2 Earnings Report Reveals Sharp Decline In Subscribers

Netflix's latest earnings report reveals a loss of 970,000 subscribers, which is less than the expected 2 million. Despite this, the company's revenue increased by 9% due to price hikes. Netflix remains the leader in paid subscriptions with over 228 million users. To attract more subscribers, Netflix plans to introduce an ad-supported subscription model, similar to Hulu and Peacock, which is promising for advertisers targeting younger audiences.

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