Netflix's password crackdown has stirred up a wave of subscription revenue that still has a lot of room to run [Yahoo! Finance]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Yahoo! Finance
The move paid off, contributing to some of the streamer's 30 million additional subscribers last year—and it's a wave that Netflix will continue to ride this year, helping to buoy Netflix's top line as it competes in an increasingly crowded market, according to analysts. Company executives previously estimated that 100 million people globally were using a friend's or family member's password to access the service behind Bridgerton and Stranger Things. If that is the case, Netflix has only scratched the surface of the freeloaders it could potentially convert to subscribers, Macquarie analyst Tim Nollen wrote in a note to investors on Monday. “We believe Netflix has clearly tapped into that 100 million paid sharers but still has further to go to convert more,” he wrote. Nollen estimated new members will continue signing up for the platform as a result of the password sharing crackdown through the end of 2024. Even if some of this group doesn't sign up for new accounts, there are o
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- 2/23/24 - Miss
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- 4/19/24 - Form ARS
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- 4/19/24 - Form DEFA14A
- WBD's page on the SEC website