Netflix (NFLX) added 5.89 million subscribers in Q2 2023

Netflix crushed subscriber expectations with their Q2 2023 earnings results.


Today, Netflix (NFLX) reported its Q2 2023 earnings, revealing that the company smashed subscriber expectations for the quarter. This is undoubtedly one of the highlights for the quarter.

Netflix added 5.80 million subscribers in Q2 2023 against expectations that they would add 1.769 million subscribers. This can only be described as a massive win for the streaming giant and is almost certainly partly due to the password sharing crackdown that Netflix has been rolling out throughout 2023.  

Netflix had this to say about the massive increase in subscribers:

For more news on Netflix, including further details about their Q2 2023 financial results, stick right here with Shacknews.

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Bill, who is also known as Rumpo, is a lifelong gamer and Toronto Maple Leafs fan. He made his mark early in his career through guide writing and a deep understanding of editorial SEO. He enjoys putting in the work to create a great content, be it a wild feature or grinding out an in-depth collectible guide. Tweet him @RumpoPlays if you have a question or comment about one of his articles.

From The Chatty
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    July 19, 2023 1:21 PM

    Bill Lavoy posted a new article, Netflix (NFLX) added 5.89 million subscribers in Q2 2023

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      July 19, 2023 7:01 PM

      But Shacknews posters assured us that the password sharing crackdown was going to be the death of Netflix!

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        July 19, 2023 8:15 PM

        And the Reddit users too. Thankfully they were all wrong because Netflix is awesome.

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        July 20, 2023 6:02 AM

        earnings will be interesting. this could've been them losing 10mil high tier accounts while gaining 15mil lowest tier accounts (or any combination therein).

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          July 20, 2023 6:09 AM

          Do they make less on ad-supported accounts?

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            July 20, 2023 6:10 AM

            Exactly, that’s unknown.

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            July 20, 2023 6:39 AM

            They dropped their lowest priced ad free tier. That tells me the ad supported tier is making bank.

            Wouldn’t shock me to see a free version at some point.

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      July 19, 2023 9:19 PM

      Shame about them paying crap to actors though

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