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.

…

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.

  • @JiveTurkey
    65•5 months ago

    I canceled my Netflix because of this and I don’t even share my password. Also because they fucked up the witcher.

    • @UckyBonEnglish
      30•5 months ago

      I cancelled all my streaming accounts because of this. I never shared the password other than with my SO. It was a wake up call to the whole subscriptions scam. It’s a shitty middleman.

      Subscriptions add up real quick: movies, music, games, apps, cloud, news, etc. Let alone having some other hobbies.

      I have friends who drop $200 per month on those things. Absolutely insane. That’s a month worth of avocado toast.

      • LustyArgonianManaEnglish
        9•5 months ago

        My ex has hundreds of dollars of subscription stuff each month: Disney, Netflix, Hulu, Amazon Streaming, Max/HBO, OnlyFans, Tinder, Field, Bumble etc etc. It’s so stupid

          • LustyArgonianManaEnglish
            4•5 months ago

            We were poly, I have my own OF, it’s no big deal except those subscriptions add up fast. Just like the dating apps were okay at the time too, but an annoying cost when added up.

    • Tiefling IRL
      5•5 months ago

      Same, I immediately canceled my account. They spent the next year trying to get me to resub. Fuck Netflix, yarg

    • @[email protected]
      3•5 months ago

      I didn’t really like the book (somebody handed me one, can’t remember which), haven’t played the games, so I went almost blind to the show.

      And I mean it honestly, it was fun. Batshit crazy, and the third season went even more nuts, but it was just fun, I really enjoyed myself.

      • @[email protected]English
        6•5 months ago

        Just about any adaptation from book to TV is going to piss off book readers because they “ruined” it.

        Myself, if I wanted to experience the exact same thing if read, I would read it again. Putting it on screen means something new.