Netflix hits its ceiling – WSJ

When it comes to streaming, 222 million seems to be the new sound barrier.

Netflix’s paid subscribers would have just surpassed that number if the company hadn’t shut down service in Russia in the first quarter. Including that impact, Netflix saw its quarterly paid subscribers decline for the first time in years. The company also used its first-quarter report Tuesday afternoon to forecast an even bigger drop of 2 million subscribers for the second quarter, which will incidentally include the latest season of Stranger Things — one of its most popular shows. Netflix hits its ceiling – WSJ

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