Flagship originals shed up to 85% of viewers in their second seasons, and a four-month hit drought has pushed shares to a two-year low
Netflix is losing its grip on its own audience. Viewers of the streamer's flagship originals are abandoning them in their second seasons — by half in most cases, and by as much as 85% in the worst. The company produced only two major hits in the first five months of 2026, and its shares have fallen 17% this year and 40% over the past twelve months, touching a two-year low in late June.
