Netflix rakes in record UK revenues after password sharing crackdown
Netflix posted its highest-ever UK revenues after a crackdown on password sharing boosted business.
Revenues hit £1.7bn last year, up 8pc from 2022, according to accounts filed by its British subsidiary Netflix Services UK.
The US group put this down to a ‘larger member base’, and said the number of paid subscribers grew 7pc. Last year, Netflix started charging an extra £4.99 a month to add someone in a different household to an account.
Lily Collins stars in Netflix hit Emily in Paris
Previously, users had been able to share passwords. More subscribers signed up despite rises. Netflix’s global base reached 270m in April.
Profits in the UK jumped almost 80pc to £61m as users enjoyed hits such as Bridgerton and Emily In Paris (pictured ), starring Lily Collins.
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