With the upcoming loss of two of its most-streamed television series, The Office and Friends, Netflix has had a tough few weeks. On Wednesday, the company faced down another bout of bad news: The streaming service told investors it missed its paid membership growth forecast by nearly half and its U.S. paid memberships slightly dropped.
In the second quarter of 2019, Netflix’s paid membership grew by 2.7 million, a 24% year-over-year increase, which fell far short of the 5 million subscribers Netflix had forecast it would attract in the quarter, the company wrote in a letter to shareholders Wednesday.

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