Netflix Acquires 5.9 Million New Global Subscribers Following Password Sharing Crackdown

  • Netflix’s anti-password sharing enforcement led to incorporation of almost 6 million new subscribers, including over 1 million from the US and Canada in Q2 2023.
  • In response to this success, Netflix plans to extend paid sharing to almost all regions where it hasn’t been enacted yet.
  • The company expects further revenue growth through the benefits of paid sharing and the adoption of its ad-supported plan.
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