As Subscriptions Drop, , Netflix May Crack Down, on Password Sharing.<br />BBC News reports Netflix could soon begin cracking down on households that share passwords for the streaming service.<br />In the first three months of 2022, Netflix has lost at least 200,000 subscribers.<br />The company has reportedly informed shareholders that two million more subscribers may be gone by July.<br />Our revenue growth has slowed considerably. , Netflix to shareholders, via BBC News.<br />Netflix estimates over <br />100 million households currently <br />share their passwords.<br />Our relatively high household penetration - when including <br />the large number of households sharing accounts... , Netflix to shareholders, via BBC News.<br />... combined with competition, <br />is creating revenue growth headwinds. , Netflix to shareholders, via BBC News.<br />Netflix CEO Reed Hastings had previously described password sharing as "something you have to learn to live with." .<br />Though the streaming giant is aware that password sharing may have attributed to its meteoric rise in viewership, .<br />the company now says it has caused difficulty in attracting new subscribers.<br />When we were growing fast, it wasn't a high priority to work on [account sharing]. , Netflix CEO Reed Hastings to shareholders, via BBC News.<br />And now we're working super hard on it. , Netflix CEO Reed Hastings to shareholders, via BBC News
