🔒 Closed Netflix subscribers at record high, password crackdown coming

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SAN FRANCISCO — Netflix on Tuesday said that its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier was faring well.

The streaming television giant reported a quarterly profit of $1.3 billion, in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords "to improve the experience for members."

Netflix said it expects to begin rolling out its options for ρáíd password sharing this quarter instead.
 
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