What Analyst Believe Shedding of Netflix Subscriber is Good

Netflix lost almost 1 million subscribers during Q2 but, that's actually a net benefit, according to one media analyst.

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Netflix- Head of Research

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Live following the company's highly anticipated second-quarter earnings results, which showed subscriber losses.

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Rao stated that in streaming, and noted that "we cannot compare [subscriber] numbers to the past.

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Netflix suffered a loss of 200,000 users in April. However, has faced an increase in subscriber churn.

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Reed Hastings, Netflix's co-CEO, admitted that it was difficult to lose a million subscribers.

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They anticipate 1 million net additions in the current quarter, which is below Wall Street’s consensus.

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The Q3 revenue guidance was also lower than expected at $7.84 Billion versus $8.1 Billion.

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After LeBron James's success is gone, it appears Atlanta Hawks star Trae Young is his next NBA player...

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Netflix lost almost 1 million subscribers during Q2 but, that's actually a net benefit, according to one media analyst.

Netflix- Loss of Subscribers

Netflix- Head of Research

"This is a good report," Santosh Rao, head of research at Manhattan Venture Partners, told Yahoo Finance.

Live following the company's highly anticipated second-quarter earnings results, which showed subscriber losses.

Netflix- Second Quarter

Rao stated that in streaming, and noted that "we cannot compare [subscriber] numbers to the past.

Netflix- In Streaming

Netflix suffered a loss of 200,000 users in April. However, has faced an increase in subscriber churn.

Netflix- Subscribers Churn

Reed Hastings, Netflix's co-CEO, admitted that it was difficult to lose a million subscribers.

Netflix- Difficult to Loose

They anticipate 1 million net additions in the current quarter, which is below Wall Street’s consensus.

Netflix- Current Quarter

Image Source- Bloomberg

The Q3 revenue guidance was also lower than expected at $7.84 Billion versus $8.1 Billion.

Netflix- Revenue Guidance

Image Source- Reddit

After LeBron James's success is gone, it appears Atlanta Hawks star Trae Young is his next NBA player...

Trae Young Reacted to James Drew League