Image Source: Nextflix
Netflix has reported a significant surge in profits during the initial quarter of this year, crediting part of the increase to efforts aimed at curbing password sharing.
With an addition of 9.3 million customers within this period, Netflix’s subscriber base now nears the 270 million mark.
The streaming platform revealed a profit exceeding $2.3 billion (£1.85 billion) for the first quarter. However, starting next year, Netflix will discontinue the practice of disclosing subscriber figures.
Warner Bros. Discovery’s Max, Disney+, Hulu will join Netflix in cracking down on password sharing
To continue reading this article you need to be registered with Campaign. Registration is free and only takes a minute. Register Now or sign in below if you already have an account.
