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  • 3 years ago
The video streaming service added 5.9 million subscribers during the April-June period.  This according to numbers released Wednesday along with its latest quarterly financial results.  Veuer's Elizabeth Keatinge has more.  

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00:00 Get your own Netflix account.
00:02 Well, that's what a lot of people did.
00:04 Following the streaming giant
00:05 cracking down on password sharing,
00:07 the video streaming service added 5.9 million subscribers
00:12 during the April to June period.
00:13 This, according to numbers released Wednesday,
00:15 along with its latest quarterly financial results.
00:18 And amid an ongoing Writers Guild of America
00:21 and Screen Actors Guild strikes,
00:23 Netflix currently has 238 million subscribers globally.
00:28 CNN Business reported in a letter to investors,
00:31 Netflix CFO Spencer Newman said,
00:34 "Most of our revenue growth this year
00:36 is from growth in volume from new paid memberships,
00:39 and that's largely driven by our paid sharing rollout."
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