The great password crackdown is working.

Motleyful Money starts now.

I'm Dylan Lewis and I'm joined in the studio by Motleyful, analyst Jim Mueller.

Jim, thanks so much for being here.

Thanks for having me, Dylan.

We are talking streaming today and we are kicking things off with Netflix.

Last month Netflix began its crackdown on password sharing and Jim, the early indications

based on what we're seeing from subscription firm antenna is that that crackdown is

working and we are seeing a surge in subscriptions.

This is certainly good news for Netflix.

When they announced that they were going to have to do this back in 2022, they said of

their time 220 million subscribers, 100 million of them worldwide were sharing their

passwords.

This is something they needed to do.

When they were growing fast, who cares?

They did the luxury of being able to say that's okay.

This is a perk of membership.

They were growing at 20% a quarter year of a year for like six, seven, eight years.

Then the pandemic happened and their subscription growth, their subscriber growth.

The number of people signing up fell off a cliff.

From 20% a year, it fell down to 10% a year in 2022, in 2021 and down to 5% a year for

each quarter on average last year.

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