Netflix earlier this year began cracking down on password sharing in the United States and other countries, and the effort has been successful, the...
  • Halvo317@lemmy.worldEnglish
    64·
    1 year ago

    They lost subs in areas with the password crackdown and picked up subs in lower cost areas. They earned less.

    • fer0n@lemm.eeOPEnglish
      51·
      1 year ago

      Not what the article states:

      According to Netflix, revenue is up in every region where paid sharing was introduced, and sign-ups have exceeded cancelations. The company saw revenue growth of 2.7 percent year over year.

        • fer0n@lemm.eeOPEnglish
          2·
          1 year ago

          Also not true, the msn article states they didn’t loose money, they just didn’t “win” as much as shareholders were hoping for. Quoting from your link:

          Quarterly revenue climbed 2.7% from a year earlier to $8.2 billion, shy of analyst forecasts of $8.3 billion.

    • Ghostalmedia@lemmy.worldEnglish
      41·
      1 year ago

      No, they did not. They continued to grow. They’re a publicly traded company and all of the details were just reported out.

      • 1chemistdown@kbin.social
        1·
        1 year ago

        Just finished reading Reuters and AP, and they both agree that Netflix added 6 million in areas of cheap subscription and no crackdowns vs losses in USA and UK.