Netflix's password-sharing crackdown is paying off as profits beat Wall Street's forecast
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Netflix's password-sharing crackdown pays off! Streaming platform gains 9.3 million customers -
Netflix's password-sharing crackdown appears to be paying off as the company added another 9 million subscribers in the first quarter of this year, bringing the total to almost 270 million paid accounts.
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Netflix: Profits soar after password sharing crackdown
The streaming giant said it added 9.3 million subscribers in the first three months of the year.
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Netflix password sharing crackdown may have resulted in millions of new subscribers
Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but it’s paid off. Netflix, the dominant player in streaming, added more than 9 million subscribers in the first three months of the year, hitting a record high of 269.6 million subscribers. “It added more subscribers than many analysts, myself included, expected,” said eMarketer senior analyst Ross Benes. “This signals that password sharing was even more common than...