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Netflix Gains Six Million Subscribers After Password Sharing Crackdown (www.macrumors.com)

submitted 1 year ago by fer0n@lemm.ee to c/moviesandtv@lemmy.film

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[–] Halvo317@lemmy.world 6 points 1 year ago (2 children)

They lost subs in areas with the password crackdown and picked up subs in lower cost areas. They earned less.

[–] fer0n@lemm.ee 6 points 1 year ago* (last edited 1 year ago) (1 children)

Not what the article states:

According to Netflix, revenue is up in every region where paid sharing was introduced, and sign-ups have exceeded cancelations. The company saw revenue growth of 2.7 percent year over year.

Edit: I think you‘re right about them loosing subs in areas of the crackdown and winning even more in new areas. It’s not 100% clear in this article (but apparently more so in Reuters‘).

[–] Maajmaaj@lemmy.ca 1 points 1 year ago* (last edited 1 year ago) (2 children)

Here's a lemmy post with a link to an msn article, that states that Netflix lost money.

https://lemmy.world/post/1818862

Edit: I was wrong, downvote the shit out of this comment please. I won't delete, because I deserve it.

[–] fer0n@lemm.ee 4 points 1 year ago* (last edited 1 year ago) (1 children)

Also not true, the msn article states they didn’t loose money, they just didn’t "win" as much as shareholders were hoping for. Quoting from your link:

Quarterly revenue climbed 2.7% from a year earlier to $8.2 billion, shy of analyst forecasts of $8.3 billion.

[–] Maajmaaj@lemmy.ca 5 points 1 year ago (1 children)

Cool, I'm wrong. It's still fuck Netflix over here though.

[–] fer0n@lemm.ee 2 points 1 year ago* (last edited 1 year ago)

Haha fair point ^^

The OP from the post you shared apparently didn’t read the article close enough, they got it wrong there (or at least it’s not worded clearly enough). So not entirely on you.

[–] ImFresh3x@sh.itjust.works 1 points 1 year ago

I like it when people correct themselves. I like it a lot.

[–] Ghostalmedia@lemmy.world 4 points 1 year ago (1 children)

No, they did not. They continued to grow. They’re a publicly traded company and all of the details were just reported out.

[–] 1chemistdown@kbin.social 6 points 1 year ago

Just finished reading Reuters and AP, and they both agree that Netflix added 6 million in areas of cheap subscription and no crackdowns vs losses in USA and UK.