Netflix posted a net profit of $1.3 billion in the first quarter, down 18 percent year-on-year. The streaming veteran has begun to diversify its revenue streams.
It will stop by the end of the year its historic DVD rental service by mail launched 25 years ago. The platform also wants to force users to pay to add profiles to their account, instead of sharing their password for free.ominiums that used credentials borrowed from others activate their own accounts and add profiles, Netflix says.