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submitted 10 months ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml
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[-] carlytm@lemm.ee 17 points 10 months ago

"Surely all the people who share subscriptions because they can't all afford 25 streaming services will each get their own accounts if we block password sharing, as opposed to just not using our services any more!"

[-] BrikoX@lemmy.zip 15 points 10 months ago

That was what people said and then did the opposite.

"Netflix added 5.9 million new subscribers in the last three months – almost three times as many as analysts expected – after clamping down on households that were sharing their passwords."

Source: https://www.theguardian.com/media/2023/jul/19/netflix-subscriber-growth-password-sharing

[-] damirK@lemmy.world 7 points 10 months ago

Aren’t those numbers for other territories where they have cheaper plans and no crackdown on sharing?

[-] BrikoX@lemmy.zip 2 points 10 months ago

The number are for total users. And the password-sharing changes are now global as far as I know.

[-] reddig33@lemmy.world 4 points 10 months ago

Where are the separate numbers just for North America? Do they release those? Or do they just mix it all together to obfuscate what happened after the last price raise?

[-] BrikoX@lemmy.zip 4 points 10 months ago

Netflix Second Quarter 2023 Earnings
https://s22.q4cdn.com/959853165/files/doc_financials/2023/q2/FINAL-Q2-23-Shareholder-Letter.pdf

Summary:

  • In May, we successfully launched paid sharing in 100+ countries, representing more than 80% of our revenue base.
    • Revenue in each region is now higher than pre-launch, with sign-ups already exceeding cancellations.
    • Paid net additions were 5.9M in Q2, and today we’re rolling out paid sharing to almost all of the remaining countries.
this post was submitted on 10 Aug 2023
240 points (98.8% liked)

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