Netflix said it added more than eight million subscribers in the three months to June, reeling in audiences for the new season of Bridgerton and new drama Baby Reindeer.
The gain was almost double what investors had predicted, proving the lasting power of the firm’s tightened restrictions on password sharing.
But the streaming giant warned the impact of the crackdown on sharing passwords may run out in coming months, leading to slower growth in the months ahead.
It said it was looking into new areas, such as sports, live events and gaming to extend its lead.
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Author: BBC News
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News post in July 19, 2024, 3:05 pm.
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