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Netflix reaches its ceiling – WSJ


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

Netflix’s paid subscribers would have just exceeded that number if the company hadn’t suspended its service in Russia during the first quarter. Factoring in that impact, Netflix actually saw quarterly paid subscriber numbers plummet for the first time in years. The company also used its first quarter report on Tuesday afternoon to project an even bigger drop of 2 million subscribers in the second quarter, which incidentally will include the new season of “Stranger Things,” one of his most popular shows.


wj