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Netflix
Wall Street analysts are anticipating further subscriber losses this quarter, due to rising inflation and signs of recession, along with some inevitable churn following the release of "Stranger Things" Season 4.
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Netflix currently has around 221.6 million global subscribers, a figure which could dip even further following tomorrow's announcement.
The streamer is also expected to provide fresh details on its upcoming lower-cost, ad-supported subscription tier, which it's developing in collaboration with Microsoft.
According to Wells Fargo analyst Steven Cahall, investors across the board are demonstrating "low conviction" in Netflix and its management team, leading to "another wait and see quarter."
On Friday, Netflix will release "The Gray Man," a costly action-thriller from "Avengers: Endgame" directors the Russo Brothers which could lead to a potential franchise if audiences respond positively.
