Netflix rakes in record UK revenues after password sharing crackdown

October 10, 2024

in Business

Reading Time: 3 mins read

By Metropolis & Finance Reporter

Up to date: 03:09 EDT, 10 October 2024

Netflix posted its highest-ever UK revenues after a crackdown on password sharing boosted enterprise.

Revenues hit £1.7bn final yr, up 8pc from 2022, in accordance with accounts filed by its British subsidiary Netflix Providers UK.

The US group put this right down to a ‘bigger member base’, and mentioned the variety of paid subscribers grew 7pc. Final yr, Netflix began charging an additional £4.99 a month so as to add somebody in a special family to an account.

Lily Collins stars in Netflix hit Emily in Paris

Beforehand, customers had been capable of share passwords. Extra subscribers signed up regardless of rises. Netflix’s international base reached 270m in April.

Earnings within the UK jumped virtually 80pc to £61m as customers loved hits similar to Bridgerton and Emily In Paris (pictured ), starring Lily Collins.

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