Netflix earlier this year began cracking down on password sharing in the United States and other countries, and the effort has been successful, the...
  • fer0n@lemm.eeOPEnglish
    81·
    1 year ago

    Not what the article states:

    According to Netflix, revenue is up in every region where paid sharing was introduced, and sign-ups have exceeded cancelations. The company saw revenue growth of 2.7 percent year over year.

    Edit: I think you‘re right about them loosing subs in areas of the crackdown and winning even more in new areas. It’s not 100% clear in this article (but apparently more so in Reuters‘).

      • fer0n@lemm.eeOPEnglish
        4·
        1 year ago

        Also not true, the msn article states they didn’t loose money, they just didn’t “win” as much as shareholders were hoping for. Quoting from your link:

        Quarterly revenue climbed 2.7% from a year earlier to $8.2 billion, shy of analyst forecasts of $8.3 billion.

          • fer0n@lemm.eeOPEnglish
            3·
            1 year ago

            Haha fair point ^^

            The OP from the post you shared apparently didn’t read the article close enough, they got it wrong there (or at least it’s not worded clearly enough). So not entirely on you.