Thursday, July 20, 2023

Netflix subscribers increase

Everybody fussed and complained, then went along with it. That's how people are.

Netflix cracked down on password sharing recently, and began actively stopping users at different locations from using the same Netflix account. Reports varied on how aggressive Netflix was, with some getting a simple warning, and others actually denied access. That's according to reports. I've not encountered what people have talked about, so I can't say, but this is what has been reported.

Whatever Netflix was doing, it worked. Subscriptions are up. And up by a large number.

According to a report, 5.9 million new subscribers were added in the second quarter, and that coincides with the password crackdown.

Netflix’s password-sharing crackdown is now in full swing in the 2nd quarter of 2023. This is excellent news for a company that needs to show stockholders some good news.

In the 2nd quarter of 2023, Netflix added 5.9 million subscribers. This is compared to the 1.1 million Netflix added in the 2nd quarter of 2022. Netflix, so its revenue hit $8.2 billion in the 2nd quarter of 2023. In total, Netflix says year over year growth of 8% when looking at subscribers.

I'm going to test this out. I have subscribed to Netflix, and will be providing it to a family member. I won't use it for a bit -- I haven't had a Netflix subscription in a while anyway -- so it should consider her as the primary. In a few weeks, I'll try to log in and see what happens.

My Streaming Life doesn't normally include Netflix -- I have enough to watch for free or provided services -- so this will be a different experience. Heck, I may find that I like Netflix overall. We shall see.

No comments:

Post a Comment

Your comments are welcome. Abusive or off-topic comments will be removed.