Netflix loses one million subscribers

Almost a million subscribers fled Netflix in the second quarter, roughly half the number the beleaguered streaming giant had forewarned investors about, but still the most significant desertion in its history.

Netflix logged revenue growth of 9% for the quarter, bolstered by the blockbuster success of its most-watched series "Stranger Things." It also saw tangible improvement in the Asia-Pacific region, adding 1.1 million payers for the quarter. The U.S. and Canada accounted for the largest amount of cancellations with 1.3 million abandoning the service. 

Wall Street swooned late Tuesday after the results were unfurled, cheering the pushing shares up in after market trading. 

The results marked the company's first two consecutive quarters of subscriber losses in its history.