The streaming giant said it added 9.3 million subscribers in the first three months of the year.

Netflix says its profits have soared in the first three months of this year, partly thanks to a crackdown on password sharing.

The streaming giant said it added 9.3 million customers in the first quarter, bringing its total number of subscribers to almost 270 million.

The company also said its profits in the first quarter jumped to more than $2.3bn (£1.85bn).

But the firm will stop reporting key subscriber numbers from next year.

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Some investors saw its unexpected decision to stop reporting subscriber numbers as a sign that Netflix’s wave of customer growth may be coming to an end.

Simon Gallagher, a former Netflix director and now principal of entertainment investment firm SPG Global, told the BBC’s Today programme that while the numbers indicated a “very, very strong performance” this might not last.

  • no banana
    60•7 months ago

    I unsubscribed when I first heard of it. Haven’t missed it.

    • @wheelie
      20•7 months ago

      Same. A lot of it was low quality.

      • no banana
        10•7 months ago

        There was a time when Netflix had some really weird indie shit and I loved that. Last I used it they basically produced their own butchered versions of other material, like the Witcher. I unsubscribed after the first season.

    • nadram
      14•7 months ago

      Unsubscribed just because they pulled this move. None of the 3 people i was sharing it with ended up subscribing.