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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Netflix Credits Password-Sharing Crackdown With Massive 5.9 Million Global Subscriber Additions in Q2

Netflix

Netflix attributed its long-awaited crackdown on account freeloaders during Q2 to its best subscriber growth in six quarters. 

Netflix added 5.89 million paid members globally from April - June, blowing the doors off of equity analysts' consensus forecasts. The streaming company, which rolled out its new, more strict account-sharing policies in the U.S. back in May, also reported the addition of 1.19 million subscribers in Q2 in the U.S. and Canada. 

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