Topic drift, but remember that the business model for streaming series is different from traditional television. Netflix makes them to get you to buy a subscription. There's little new audience coming on board after two or three seasons of a show; the better proposition is to start up a new series instead. It's not like the traditional broadcast networks where every installment generates more advertising views as long as they can keep making it. This is also why streaming "seasons" are ten episodes or even less, compared to twenty-plus for traditional TV. Their motivation is minimum cost to get a subscription, not maximum supply to engage you.

That makes sense, thank you. On a second thought however, it could also work backwards: how can some people be motivated to subscribe for a new show knowing that the odds of it being cancelled are that high? Ideally, producers should ask by contract for a minimum number of episodes to give closure to stories. Of course I write this as an angered viewer.

At least in the case of Netflix, they are profitable because the actors contracts are heavily backloaded... and then surprised pikachu face the shows get canceled right before the escalator clauses kick in, typically after the 3rd season.