Net flux Popular streaming service Netflix lost 200,000 paying subscribers in the March-ended quarter as a result of its decision to suspend operations in Russia due to the Ukraine war.
The company lost 700,000 subscribers in Russia, and added 500,000 elsewhere. This is the first time in over a decade that Netflix has lost subscribers in a quarter.
However, the company said it saw “nice growth" in India, Japan, the Philippines, Thailand and Taiwan. Covid alert Covid-19 infections are again rising in Delhi.
The city reported over 1,000 new cases on Wednesday for the first time since early February. The positivity rate, or the share of tests turning positive for the virus, has also been hovering around 5%.