Netflix gained 5.9 million subscribers globally in Q2 2023, an 8% increase, as it cracked down on password sharing.

 

Netflix gained 5.9 million subscribers globally in Q2 2023, an 8% increase, as it cracked down on password sharing.  This success has prompted Netflix to expand "paid sharing" to most remaining regions. Netflix did away with multi-household password sharing in the U.S. in May. The company has reported increased revenue in all regions where paid sharing was implemented, with sign-ups surpassing cancellations. According to its latest earnings report, the company added nearly 1 million new subscribers in the U.S. and Canada in Q2. Its revenue growth came in at 2.7% YoY. Netflix anticipates further revenue growth, including from sign-ups of its new ad-supported plan.