He told ABC that the company now appeared “locked and loaded” after navigating a turbulent period last year.
Last year, the company introduced a low-priced option that included commercials and then began to ban sharing passwords, which had enabled an estimated 100 million people worldwide to use its service for free.
Non-playing viewers are now required to open their own accounts unless a subscriber with a standard or premium plan agrees to pay an $8 monthly surcharge to let another person living in a different household to watch.
In its shareholder letter, management said the crackdown on password sharing is resulting in a “healthy conversion of borrower households into full-paying Netflix memberships.”
On Wednesday, Netflix also announced another cheap ad-free plan, allowing existing subscribers already paying for the $11 basic plan to keep it.
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