While Luke Cage, Daredevil and Iron Fist have all previously been axed from the streaming site, shows like Jessica Jones and The Punsiher now join that list too.
"Marvel’s The Punisher will not return for a third season on Netflix," a spokesperson told BuzzFeed News in a statement.
"Showrunner Steve Lightfoot, the terrific crew, and exceptional cast including star Jon Bernthal, delivered an acclaimed and compelling series for fans, and we are proud to showcase their work on Netflix for years to come.
This marks the end of any Marvel Defenders being produced on Netflix.
In an open letter to fans, Jeff Loeb from Marvel Television has amazing things to say about the cast and crews of the four shows, as they produced a total of 161 episodes.
"Our Network partner may have decided they no longer want to continue telling the tales of these great characters... but you know Marvel better than that," he wrote. "As Matthew Murdock's Dad once said, 'The measure of a man is not how he gets knocked to the mat, it's how he gets back up.'"
While fans are incredibly disappointed in the news, there is hope that the shows will get picked up by Marvel's parent company, Disney, who is launching its own streaming service.
Since Disney have just put all of their content exclusively on Stan in Australia, that may just mean we'll be making the switch from Netflix to Stan if we want to watch any Disney/Marvel movies/series!
Bernthal paid tribute on Instagram to his character and fans in the military.
"To all who have served. All who know loss. All who love and understand Frank and his pain. It has been an honor to walk in his boots," he wrote. "I’m endlessly grateful to the comic fans and the men and women of the Armed Services and law enforcement community who Frank means so much to. Thank you to the [United States Marine Corps] and all the wonderful soldiers who trained me. Go Hard. Be safe."
Watch below... Avengers: Endgame - Big Game TV Spot: