Netflix Adds Nearly 6 Million Subscribers Amid Password Sharing Crackdown in Q2

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Netflix Adds Nearly 6 Million Subscribers Amid Password Sharing Crackdown in Q2
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Netflix ended Q2 with 238.39 million paid subscribers, up 8% year over year.

reported its second-quarter 2023 earnings Wednesday, revealing its paid subscribers increased by 5.89 million in the quarter ended June 30.

users on their accounts who live outside their households would need to be added as an “extra member”Netflix smashed Wall Street’s expectations by instead rising to 238.39 million global subscribers in Q2 compared to itsIn a letter to shareholders accompanying the Q2 results, Netflix noted: “We anticipate Q3’23 paid net adds will be similar to Q2’23 paid net additions.”

Paid memberships rose 1.17 million in the U.S. and Canada, 2.43 million throughout Europe, the Middle East and Africa, 1.2 million in Latin America and and 1.1 million in the Asia-Pacific region.

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