Post by Flying High on Apr 19, 2023 15:39:09 GMT -5
Netflix on Tuesday said it will move forward with a broad rollout of its paid account sharing option in the second quarter, after having delayed it during the prior quarter.
Netflix began clamping down on password sharing in four additional countries earlier this year, but opted not to expand more broadly after it “found enough improvement opportunities” from early launches.
The delayed timing, announced in the company’s latest earnings results, may have added to the company’s challenges in growing its subscriber base during the March quarter.
The company reported a net increase of 1.75 million global streaming subscribers, up nearly 5% from the same period in the prior year, but below the more than 3 million Wall Street analysts had expected.
www.cnn.com/2023/04/18/media/netflix-earnings-subscribers/index.html
Netflix began clamping down on password sharing in four additional countries earlier this year, but opted not to expand more broadly after it “found enough improvement opportunities” from early launches.
The delayed timing, announced in the company’s latest earnings results, may have added to the company’s challenges in growing its subscriber base during the March quarter.
The company reported a net increase of 1.75 million global streaming subscribers, up nearly 5% from the same period in the prior year, but below the more than 3 million Wall Street analysts had expected.
www.cnn.com/2023/04/18/media/netflix-earnings-subscribers/index.html
