Password crackdown boosts Netflix with more than 5m new customers signing up over the summer - News Summed Up

Password crackdown boosts Netflix with more than 5m new customers signing up over the summer


More than 5m people signed up to Netflix over the summer as a crackdown on password sharing and a raft of hit shows boosted business. Hit: More than 5m people signed up to Netflix over the summer to watch hit shows including The Perfect Couple featuring Liev Schreiber and Nicole Kidman (pictured)The number of paying customers was slightly higher than the 282m analysts had forecast. But it was a slower rise compared to the same quarter last year, when 8.8m new users signed up. Many have also signed up to watch Netflix shows including Emily in Paris, which stars Lily Collins, The Perfect Couple, featuring Nicole Kidman, and the controversial global sensation Baby Reindeer. Revenues hit £1.7billion last year, up 8 per cent from 2022, according to accounts filed by its British subsidiary Netflix Services UK.


Source: Daily Mail October 17, 2024 21:05 UTC



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