Netflix reports 1.75M new subscribers, to extend password-sharing crackdown

Netflix posted its latest financial results, revealing an increase in revenue and paid memberships for the January-March period this year. The company was pleased with the results and announced that the “paid sharing” feature, which is essentially a crackdown on password sharing, yielded pleasing results in its trial markets of Canada, New Zealand, Spain, and Portugal. As such the company plans to roll it to more markets in Q2. Revenue grew 4% on a yearly basis, which was expected, per the beginning-of-quarter guidance. Operating income declined in Q1 2023, compared with the same...