Netflix misses on revenue in first-quarter earnings; password sharing rules get new timeline

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Netflix's first-quarter results came out Tuesday afternoon. The streaming giant also released a new timeline on its wider effort to curb password sharing.

"With each launch, we learn more about how best to roll out these changes and what matters to members the most, in particular maintaining travel/watching on the go and the ability for people to better control access to their accounts as well as transfer profiles to separate accounts,"

. "We could have launched broadly in late Q1, but we found enough improvement opportunities in these areas to shift a broad launch to Q2 to implement those changes."Netflix said that while it did observe an initial "cancel reaction" in the four markets upon the news of the change, it later saw "increased acquisition and revenue" as account borrowers shifted to their own accounts or became "extra members" on an existing one.

The streaming giant pointed to Canada as a "predictor" for how the U.S. market will react to paid sharing. There, the subscriber base became "larger than prior to the launch of paid sharing," according to Netflix.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines