Netflix reported second-quarter 2023 earnings Wednesday, revealing paid subscribers increased by 5.89 million in the quarter ended June 30. Analysts had projected the streamer gaining 1.769 million…
Netflix Adds Nearly 6 Million Subscribers Amid Password Sharing Crackdown in Q2::Netflix released its Q2 earnings results Wednesday, including its new subscriber tally.
This strategy still seems very shortsighted. It was apparent that subscriptions would increase in the early days of password sharing restrictions, but once people realize they are paying a premium for a dwindling catalog of quality content and mediocre originals, these figures are likely to drop sharply.
But hey, the investors are shortsighted anyway and don’t really care about sustainable growth when they can just pump and dump.
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This strategy still seems very shortsighted. It was apparent that subscriptions would increase in the early days of password sharing restrictions, but once people realize they are paying a premium for a dwindling catalog of quality content and mediocre originals, these figures are likely to drop sharply.
But hey, the investors are shortsighted anyway and don’t really care about sustainable growth when they can just pump and dump.