Netflix says subscriber numbers hit record high

Netflix on April 18, 2023 said that its number of subscribers hit 232.5 million in the first quarter of this year and its nascent ad-supported tier is faring well. — Photo by Patrick T. FALLON/AFP

SAN FRANCISCO: Netflix on Tuesday said that its number of subscribers hit a record high 232.5 million in the first quarter of the year and that its nascent ad-supported tier is faring well.

The streaming television giant reported a quarterly profit of US$1.3bil (RM5.7bil), in line with expectations, but said it had delayed a broad crackdown on sharing of account passwords "to improve the experience for members."