The company added nearly 6 million paid subscribers last quarter, almost three times what Wall Street expected.
Signups spiked after the streaming service limited account sharing. It was a bigger bump than during the start of COVID, one expert says.
Piracy costs streaming companies around $9 billion in 2019, according to Parks Associates. It’s not a top priority for streamers.
Netflix CEO Reed Hastings has said password sharing is something the company has learned to live with.
Company execs say free watching costs them billions of dollars in subscriptions.
