Netflix, the net sequence and film watching platform, introduced the outcomes for the third quarter of 2022. The corporate, which earned $7.9 billion in income within the third quarter of this 12 months, had a complete income of $23.7 billion within the first 9 months of the 12 months. Netflix’s web revenue within the third quarter was $1.4 billion, in step with expectations.
2.4 MILLION NEW SUBSCRIBERS
Having gained 2.4 million new subscribers within the third quarter of 2022, the whole variety of subscribers of Netflix reached 223 million. The whole variety of subscribers of the platform, which was 213.5 million within the third quarter of 2021, was 220.6 million within the second quarter of 2022.
ACCOUNT SHARING IS ENDING FROM THE EARLY 2023
Together with the monetary and operational outcomes shared by Netflix, the information that actually upset the customers got here with the official resolution about account sharing.
Accordingly, as of the start of 2023, Netflix will finish account or password sharing. The corporate will begin taking steps for joint account use at first of 2023.
EXTRA FEE FROM SUB ACCOUNT/EXTRA MEMBER
On this route Account sharers will probably be charged extra charges, albeit decrease than regular membership charges, to proceed watching Netflix content material. For this, “sub-account” or “additional member” choices will now be activated.
Whether or not or not the gadgets signed in to the identical Netflix account are used from the identical residence will probably be detected utilizing data such because the gadgets’ IP handle, gadget ID, and account exercise.
HERE IS THAT EXPLANATION
The assertion made by Netflix on the topic for its buyers, together with its third quarter outcomes, is as follows:
“We’ve got developed a effectively thought-out strategy to monetizing account sharing and can begin rolling it out extra broadly from early 2023. We are going to present the power for account sharers to switch their Netflix profile to their very own account, and to extra simply handle their gadgets and create sub-accounts (“additional members”) for sharers in the event that they want to pay for his or her household or buddies. We count on the profile switch choice to be notably well-liked for account sharers in international locations the place now we have a decrease priced ad-supported plan.”
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