Password crackdown results in extra earnings for Netflix

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Netflix’s crackdown on password sharing helped the streaming service blow previous Wall Avenue’s earnings forecasts, however its shares fell after it stated it deliberate to cease repeatedly disclosing its subscriber numbers.

The corporate’s working earnings surged 54 p.c within the first quarter because it added 9.three million subscribers worldwide, proving that the efforts to scale back password sharing it launched final 12 months have had extra lasting advantages than some buyers anticipated.

Nonetheless, Netflix stated on Thursday that from subsequent 12 months it might cease revealing its whole variety of subscribers, a metric that has been a vital benchmark for buyers within the streaming period.

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