Netflix subscriber growth slows
Netflix delivered disappointing results Tuesday.
COLUMBIA, S.C. (CNN)—Netflix delivered disappointing results Tuesday.
The streaming giant increased its subscriber base by 1.75 million customers in the first quarter. That’s up nearly 5% from a year ago.
But, it still falls far below the 3 million new subscribers analysts predicted.
The company said Tuesday it’s delaying a planned crackdown on password sharing until the second quarter.
That’s expected to lead to a drop in membership growth and revenue, which Netflix hopes will be temporary.