Netflix's subscriber growth slows as gains from password-sharing crackdown subside

Netflix's subscriber growth slows as gains from password-sharing crackdown subside

11 hours ago
Anonymous $3GYXp5b5Gs

https://apnews.com/article/netflix-quarterly-earnings-subscribers-slowdown-6bb73a293cb37348819574ea1db65dbd

Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

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