# Netflix experiences a surge in profits following a crackdown on password sharing.

> Netflix reported a significant increase in profits for the first quarter of the year, attributing part of this success to a crackdown on password sharing. Despite adding 9.3 million new subscribers, totaling nearly 270…

Published: 2024-06-25 · Desk: Entertainment · Source: BBC News

Netflix reported a significant increase in profits for the first quarter of the year, attributing part of this success to a crackdown on password sharing. Despite adding 9.3 million new subscribers, totaling nearly 270 million, the company announced it would cease reporting subscriber numbers next year, emphasizing a focus on profits and revenue instead. This decision sparked concerns among analysts about Netflix's future growth prospects. While some attribute the recent success to hits like "Griselda" and efforts to combat password sharing, others worry about the potential slowdown in customer growth. Netflix's expansion into sports, video games, and original content, alongside its global presence, are seen as strategies to sustain profitability amid challenges in the streaming market.

Original reporting: https://www.bbc.com/news/business-68850766?zephr-modal-register
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