Netflix Password Crackdown Delivers Millions of New Customers

Netflix reported a significant increase in subscribers during the first quarter. The company added 9.33 million subscribers, more than five times the number added during the same period in the previous year. This growth can be attributed to Netflix’s efforts in limiting password sharing, a strategy that has been in place for about a year. The company’s position as the leading global streaming platform continues to strengthen as it attracts a larger audience base.