Netflix subscribers at record high as password crackdown nears
Netflix plans to continue spending about US$17 billion annually on shows and films, with that amount perhaps climbing after next year. – EPA pic, April 19, 2023.
NETFLIX yesterday said that its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier was faring well. The streaming television giant reported a quarterly profit of US$1.3 billion, in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords “to improve the experience for members.”
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