Following a crackdown on password sharing and new advertising tier introduced last year, Netflix on Wednesday reported it had added millions of subscribers in the second quarter and registered a rise in revenue.
The company’s upbeat earnings report came at a moment when the entertainment industry is dealing with dual strikes inspired in part by the economics of streaming.
Netflix said it had added 5.9 million subscribers to bring its global total to 238 million.
Its revenue rose 3 percent, to $8.2 billion, from the same period last year, and the company also said it had $1.5 billion in profit in the quarter, a similar number to last year at this time.
The company said there had been very little resistance to its password sharing crackdown.
