"Marvel’s The Punisher will not return for a third season on Netflix,” an unspecified Netflix representative told Deadline. “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
|Punisher & Jessica Jones|
"In addition, in reviewing our Marvel programming, we have decided that the upcoming third season will also be the final season for Marvel’s Jessica Jones,” the representative continued. “We are grateful to showrunner Melissa Rosenberg, star Krysten Ritter and the entire cast and crew, for three incredible seasons of this groundbreaking series, which was recognized by the Peabody Awards among many others”.
Marvel Television and Netflix's partnership was announced in 2013, and debuted with Daredevil's first season on March 18, 2016.
Now with five significant Marvel characters - Daredevil, Luke Cage, Jessica Jones, Iron Fist, and the Punisher - and high profile villains like the Kingpin without a television home, it will be worth watching what the future of these characters will hold. Possibilities include revivals of the existing series on other streaming services like Hulu or Disney+, integration into the theatrical MCU, and/or a reboot of the characters on film.