Netflix's subscriber and earnings growth gather more momentum as password-sharing crackdown pays off

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. The results announced Thursday painted a portrait of a company still gathering momentum after a jarring decrease in subscribers during the first half of 2022 prompted a change in direction. Netflix added 8 million subscribers during the April-June period, that gain marked a 37% increase over the same time last year. It was Netflix's sixth consecutive quarter of year-over-year subscriber growth. The company's earnings also exceeded analyst projections, but Netflix shares still fell in extended trading.