Netflix Delays Password-Sharing Crackdown, Misses Subscriber Estimates.

Netflix has delayed its plans to crack down on password sharing in the US until sometime before July. The company has already implemented anti-password sharing rules in Canada, New Zealand, Portugal, and Spain, and is pleased with the results. Netflix is also making more money per subscriber with its $6.99 per month ad-supported tier when compared to its cheapest ad-free tier. The company added 1.75 million subscribers in the first quarter of 2023, making for a total of 232.5 million globally. Netflix is bringing new perks to the ad-supported tier starting with Canada and Spain, including 1080p video quality instead of 720p and the ability to watch two streams at once.