Netflix gains nearly 6M subscribers as paid sharing soars

A year ago today, Netflix reported its largest quarterly loss ever, with 970,000 subscribers dropping the service. The company has since crawled out from under the rubble. Netflix revealed Wednesday that, for the second quarter of 2023, the streaming giant saw a jump (or should we say leap) in 5.9 million global subscribers, bringing the total to 238.4 million subs.
The subscriber addition far exceeds industry guidance; analysts forecasted an increase of 1.7 million subs. Netflix ended Q1 with 232.5 million users.
Netflix’s quarterly earnings results arrive a few hours after news broke out tha

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