Netflix Smashes Records with 232.5 Million Subscribers, and Ad-Supported Tier Going Brilliant
Ace stuff from Netflix as they revealed that the number of subscribers reached a staggering 232.5 million in the first quarter, setting some serious records. Not only that, their swanky new ad-supported tier is getting a thumbs up from tv lovers.
The streaming titan flexed those financial muscles with a quarterly profit of $1.3 billion. Smashing, huh? Hold your horses, though – they’ve pumped the brakes on a big crackdown on account password sharing. Why? They want to make the experience for members even more top-notch.
Netflix said they’re expecting to kick off paid password-sharing options in the coming months.
“Managing the fallout from the new strategy is clearly high on Netflix’s agenda,” said Third Bridge analyst Jamie Lumley.
Some perks for members and revenue gains…
