Netflix has signed up more than 13 million more subscribers in the wake of its password-sharing crackdown.
The growth in the three months to the end of December – the most for any quarter since 2020 – is likely to spark fresh price rises.
Last year, the streaming giant stopped allowing users to share passwords with people not living in the same household.
Netflix co-CEO, Greg Peters, said: “We largely put price increases on hold as we rolled out paid sharing. Now that we’re through that, we’re able to resume our standard approach.” Many new members opted for the firm’s cheapest £4.99-a-month standard plan with adverts – it costs £10.99 without them.
Netflix said the cheap plan accounted for 40% of new sign-ups in its 12 ad-offering nations, including the UK and US.
Meanwhile, it is eyeing more live events to bring in new audiences.
On Tuesday, it announced a 10-year £3.9billion deal for pro-wrestling’s most popular weekly show, WWE Raw. Netflix said it had offered a strong slate of programmes, including the Beckham documentary series and Adam Sandler’s Leo.
The platform received 18 Oscar nominations this week, including a Best Picture nod for Maestro.
The rising tide of customers means Netflix had more than 260 million global subscribers at the end of 2023 – an annual increase of nearly 30 million. It reported $33.7billion-plus in revenue, up more than 6% on 2022, with profits at $5.4billion, against $4.49billion the year before.
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
5 Tips for Giving Cooking Lessons to Your Children
Tips for Increasing Teamwork in Your Office Environment
5 Tips for Starting a Successful Dump Truck Business
The Importance of Market Research to Your Brand
DWP benefit could boost income by £393 – check eligibility | Personal Finance | Finance
Firm’s £420 lock as Martin Lewis warns Three, O2, Vodafone & EE users | Personal Finance | Finance
Next shrugs off poor weather with forecast beating sales growth | City & Business | Finance
British Gas, EON and EDF customers to get £219 summer boost | Personal Finance | Finance
Scotland’s economy shrank by 0.3% in February, GDP figures show | Personal Finance | Finance
Ryan’s Team asks Southold to display ‘988’ signs
DWP handing out up to £865 in Household Support Fund cash | Personal Finance | Finance