Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
Netflix Inc. said it would roll out new password-sharing limitations more broadly—including in the U.S.—by the end of June, and announced it would soon wind down the DVD-by-mail business that the company was built upon.
Netflix added 1.75 million subscribers in the first quarter and ended the period with 232.5 million customers. After losing subscribers for the first time in a decade a year ago, the company took a series of steps to expand its customer base, including launching an ad-supported tier of service and starting to limit password sharing.
Netflix Inc. said it would roll out new password-sharing limitations more broadly—including in the U.S.—by the end of June, and announced it would soon wind down the DVD-by-mail business that the company was built upon.
Netflix added 1.75 million subscribers in the first quarter and ended the period with 232.5 million customers. After losing subscribers for the first time in a decade a year ago, the company took a series of steps to expand its customer base, including launching an ad-supported tier of service and starting to limit password sharing.
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