After enjoying a long reign as the king of streaming, Netflix faces a tough fight to keep its crown.
It lost almost a million subscribers between April and July as more people decided to quit the service.
The streaming giant has now lost members for two quarters in a row, but the drop was smaller than it feared.
Asked what slowed the exodus, the firm’s boss Reed Hastings, said: “If there was a single thing, we might say ‘Stranger Things.'”