(LifeNews) Netflix’s latest quarterly report shows the streaming service giant experienced a chill in growth with its first quarterly loss of paid domestic subscribers in eight years. The dip in subscriptions came in the same quarter as Netflix’s decision to take a stance against Georgia’s pro-life “heartbeat bill.”
Netflix “on Wednesday reported a loss of 126,000 domestic paid subscribers compared with analysts’ expectations for a 352,000 gain,” CNBC reported. “Netflix also missed its own forecast for global subscriber growth by 2.3 million.”
A shareholders report stated that the company’s “U.S. paid membership was essentially flat in Q2, [but they] expect it to return to more typical growth in Q3.”