Memes, Netflix, and Work: BREAKING: Netflix cancels The Punisher after two seasons. In a statement to LADbible, the streaming service said: "Marvel's The Punisher will not return for a third season on Netflix. 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."