Netflix has gained eight million new subscribers in the second quarter, surpassing expectations. The company now has a total of 277.7 million subscribers.
Netflix also exceeded Wall Street's revenue expectations, reaching $9.56 billion. Additionally, the company reported a net profit of $2.15 billion.
This growth comes as Netflix continues to crack down on password sharing, and it has seen increases in previous quarters as well. The streaming service plans to release new games, stream NFL games on Christmas 2024, redesign its interface, and provide more information about its content.
The $6.99 monthly ad-supported service is responsible for four million of the new accounts. Netflix has also experienced notable growth in the Asia-Pacific region, adding 2.8 million new accounts, and closed the first half of the year with 17 million new accounts, its best first half since 2020.
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