Image source, NetflixBy Mariko Oi and Natalie ShermanBBC News
Netflix says profits soared in first three months this year, thanks in part to a crackdown on password sharing.
The streaming giant said it added 9.3 million customers in the first quarter, bringing its total subscribers to nearly 270 million.
< p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The company also said its first-quarter profits jumped to more than 2,000,000 $3 billion (£1.85 billion).
But the company will stop reporting key subscriber figures from the year next.
Announcing the move, the company said in a letter to shareholders: "In our early days, when we had little revenue or profit, the growth in the number of subscribers was a strong indicator of our future potential."
He added that today, the number of subscribers is become “just one element among others”. of our growth", asking investors to focus on its profits and revenues.
Its revenue for the first quarter increased by almost 15 % over one year to reach $9.37 billion.
Image source, NetflixBy Mariko Oi and Natalie ShermanBBC News
Netflix says profits soared in first three months this year, thanks in part to a crackdown on password sharing.
The streaming giant said it added 9.3 million customers in the first quarter, bringing its total subscribers to nearly 270 million.
< p class="ssrcss-1q0x1qg-Paragraph e1jhz7w10">The company also said its first-quarter profits jumped to more than 2,000,000 $3 billion (£1.85 billion).
But the company will stop reporting key subscriber figures from the year next.
Announcing the move, the company said in a letter to shareholders: "In our early days, when we had little revenue or profit, the growth in the number of subscribers was a strong indicator of our future potential."
He added that today, the number of subscribers is become “just one element among others”. of our growth", asking investors to focus on its profits and revenues.
Its revenue for the first quarter increased by almost 15 % over one year to reach $9.37 billion.
Image source, Netflix
