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HomeAndroidNetflix plans to clamp down on password sharing with sub-accounts in 2023

Netflix plans to clamp down on password sharing with sub-accounts in 2023



You need to be aware of these facts

  • Netflix released its Q3 2022 earnings.
  • This streaming site has gained more subscribers than expected, with 2.4 Million.
  • Netflix will offer account transfer and “sub-accounts” to make “password sharing” more profitable in 2023.

Netflix’s Q3 2022 earnings were announced this week. The streaming giant beat its original forecast revenue and operating income as well as membership additions.

Due to an average 5% rise in paid memberships, Netflix has seen a 6.6% increase in revenue year over year. This was due to the 2.4 million subscribers. Netflix was wrong to predict it would grow by only gaining one million subscribers. Netflix also reported an increase of subscribers in Q3 2022. However, Netflix’s Q2 revenue report was flat at $8 billion.

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