Streaming giant Netflix’s crackdown on password sharing appears to be working for the company, which gained more than 9 million subscribers in the first quarter of this year and saw its profits soar, according to its latest earnings report published on Thursday.
The Los Gatos, California-headquartered platform said it attracted approximately 9.33 million subscribers in the three months of 2024, far surpassing Wall Street’s expectations of 4.8 million net adds.
