Netflix Hints at Password Sharing Crackdown, Says 100 Million Households Stream Free

Letter to shareholder points to recent pilot program introduced in Latin America on paid sharing features

Netflix may be planning to crack down on password sharing in the near future, telling shareholders during its Q1 earnings report Tuesday that it estimates roughly 100 million households worldwide receive Netflix through password sharing, including 30 million in the U.S. and Canada alone.

The company on Tuesday noted this as one of the factors it suspects has led to slower subscriber growth, reporting that in the first fiscal quarter it lost roughly 200,000 subscribers, dropping to 221.64 million from 221.8 in Q4 of 2021. And its current projections for next quarter could be even worse, potentially falling another 2 million.

Become a member to read more.

Brian Welk

Film Reporter • • Twitter: @brianwelk