Netflix has announced its profits for the first quarter of 2024, and let’s just say, the crackdown on password sharing has done its job.
The streaming giant reported it had added 9.3 million customers to its user base in the first three months of the year, taking its total number of subscribers to almost 270 million. Unsurprisingly, those figures showed on Netflix’s bottom line too, with profits that jumped to $2.3 billion.
However, in a move that the BBC says has “ruffled some feathers” of analysts in the U.S., the company announced it will stop sharing subscriber numbers in 2025, adding that it has become “just one component of our growth.”
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