Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Netflix has seen a spike in new members in the last year after it implemented changes to limit password sharing.
With average revenue per subscriber increasing by over $1 in the last year, the company raked in $4.2 billion in revenue in the first quarter of 2024, an increase from $3.6 billion in the first quarter of 2023. "Due to the work that we've been doing on password sharing, essentially cutting off some viewers who are not payers, and therefore, we're going to lose some viewing associated with that," Peters said."So when you see our next engagement report, you are going to see some impact to our overall absolute view hours as a result of that. But despite that impact and despite the general pressure from strong competition, we think our engagement remains healthy.
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