Netflix lost viewers for the 1st time in 10 years, says password sharing is to blame

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Netflix says stronger competition, the Ukraine-Russia conflict and password sharing contributed to its first drop in customers in a decade. Jenny Kane/AP

Jenny Kane/AP

Netflix has lost 200,000 U.S. subscribers in the first quarter of 2022, marking its first drop in customers in more than a decade, the company announced Tuesday.

It attributed the losses to factors such as stronger competition, the Ukraine-Russia conflict and password sharing.

In a letter to shareholders, the entertainment company said it relied on password sharing within

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