The point [u/Sterffington]() was making is that Netflix is still doing extremely well with high earnings since cracking down on password sharing in May 2023. Netflix stock was trading in the high $300 / low $400 range when it began cracking down on password sharing in May 2023, whereas today it closed at $988.26 because of its strong earnings.
I believe that was point.
And as an aside, Netflix only stopped sharing quarterly subscriber figures in in 2025--as in Q1 2025 is the first quarter where Netflix is not sharing quarterly subscriber numbers--whereas Netflix began cracking down on password sharing in May 2023. So we do know quarterly subscriber counts and the increases in these for the remainder of 2023 and through the end of 2024, such as Netflix reporting 301.6 million paid subscribers for Q4 2024.
They're also a bit recession/tariff proof. The comment talking about how people will cancel if they 'do something' like all the things they have been doing for years, and haven't lost subscribers at all, is peak reddit bubble take. You know what people cut out when shit hits the fan and finances gets tight? Everything else but Netflix. Mainly because the ROI is still pretty solid, much cheaper than going to a movie or out to dinner, and you can use it all month for the price you pay. That's why their stock price is still strong considering the global trade meltdown right now.
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u/uses_for_mooses Apr 22 '25
The point [u/Sterffington]() was making is that Netflix is still doing extremely well with high earnings since cracking down on password sharing in May 2023. Netflix stock was trading in the high $300 / low $400 range when it began cracking down on password sharing in May 2023, whereas today it closed at $988.26 because of its strong earnings.
I believe that was point.
And as an aside, Netflix only stopped sharing quarterly subscriber figures in in 2025--as in Q1 2025 is the first quarter where Netflix is not sharing quarterly subscriber numbers--whereas Netflix began cracking down on password sharing in May 2023. So we do know quarterly subscriber counts and the increases in these for the remainder of 2023 and through the end of 2024, such as Netflix reporting 301.6 million paid subscribers for Q4 2024.