Netflix has lost subscribers for the first time in more than a decade.
200,000 users have ditched the streaming service in the first three months of the year.
#DISNEY#ROKU SHARES FOLLOW #NETFLIX LOWER; $ROKU SHARES FALL 6.7% AFTER THE BELL, $DISNEY FALLS 3%#NETFLIX ⬇️20% https://t.co/4z2yrblyeV
— Susan Li (@SusanLiTV) April 19, 2022
It comes after the company hiked prices and also pulled out of Russia following the war in Ukraine.
The company has also faced intensified competition from Disney Plus, Amazon and Apple.
Overall, they're expecting 2 million few subscribers by July.
