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Netflix loses 450,000 subscribers in Latin America, the biggest shrinkage in a year

By Isabela Fleischmann and Filipe Serrano

Netflix lost 450,000 subscribers in Latin America in the first quarter of 2023, according to the company's results released on Tuesday (18).

It's the first subscriber drop in the region since the quarter ended in March 2022, when the company had lost 351,000 subscribers.

Latin America is the only region of Netflix's operations with net losses of paying users in the first three months of this year.

The downturn, however, comes after the company performed strongly in Q4 2022 with the addition of 1.7 million subscribers in Latin . . .

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