Netflix adds almost 6 million subscribers after crackdown on password sharing

Netflix increased its revenue, profit, and number of paying subscribers, according to the company’s latest quarterly report. All the numbers are higher than the forecasts, beating all expectations by analysts.

The streaming platform began with “paid sharing” (the official name of the crackdown on account sharing) in the United States and brought 5.8 million new paying subscribers. Netflix confirmed it is planning to address the issue in “almost all of our remaining countries”.

The 15-page report revealed the cancel reaction was low among users who suddenly were locked out…

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