Once the closing bell rings on Tuesday’s trading action, Netflix (NFLX) will take its turn to report 2Q22 earnings. The latest financial statement comes at a time of change for the streaming giant as it has decided to add an ad-supported tier for the first time in its history – a measure intended to fix growth issues. Investors will also be hoping there will be no repeat of Q1’s abject performance, which represented the first time Netflix lost subs in a decade. Netflix, however, has warned the second quarter is unlikely to bring much cheer and said it expects to lose another 2 million subs in Q2.
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