SAN FRANCISCO: Netflix on Wednesday said subscriber numbers grew nearly 11 percent to 247 million in the recently ended third quarter as it cracked do...
FILE PHOTO: Smartphone with Netflix logo is placed on a keyboard in this illustration taken April 19, 2022. - REUTERSPIXNetflix on Wednesday said subscriber numbers grew nearly 11 percent to 247 million in the recently ended third quarter as it cracked down on password sharing and refined an ad-supported tier.
Netflix reported a profit of $1.68 billion on revenue of $8.5 billion in the quarter, beating market expectations with its earnings figures. To convert non-paying users, Netflix has introduced “borrower” or “shared” accounts, in which subscribers can add extra viewers for a higher price, or transfer viewing profiles to new accounts.
“The industry, our communities and the economy are all hurting so we need to get a deal done that respects all sides as soon as we possibly can.” A Netflix adaptation of Japanese manga comic “One Piece” was watched more than 18 million times in its first four days, putting it at the top of the charts.
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