Netflix adds 5.9 million paid subscribers in Q2, revenue at $8.2 billion
"Revenue in each region is now higher than pre-launch, with sign-ups already exceeding cancellations. Paid net additions were 5.9 million in Q2," Netflix said in a statement late on Wednesday, adding that its password-sharing crackdown is working.
In May, the company launched paid sharing in more than 100 countries, representing more than 80 per cent of its revenue base, image- Reuters