Netflix sent out a letter to its shareholders that showed the streaming giant’s 2022 Q4 profit growth and future plans.
In the letter, the company discussed the new pricing options and the other plans related to user accounts. Netflix said the recent launch of its cheaper ad-supported plan had brought in more paid subscribers.
Netflix also shared its plans about the ability of users to choose a membership that allows them to share their accounts with people outside of their households. This change is expected to take effect later in Q1 of 2023.