Netflix on Tuesday said it's ending its 25-year-old mail-in DVD business and delaying plans to crack down on password sharing more broadly until later this year.
: Netflix said that paid account sharing this year in Canada, New Zealand, Spain and Portugal has initially led to cancellations, but that over time, people ultimately activated their own accounts or added new members.
"We found enough improvement opportunities in these areas to shift a broad launch to Q2 to implement those changes," the company said in a statement.The big picture: Netflix shares fell more than 10% after hours before rebounding. The announcements came alongside its first quarter earnings report which reflectedRevenue increased 3.7% from a year ago, and 3.9% from the fourth quarter of last year — when the streamer launched itsGlobal subscribers grew by 4.9% from a year ago, or 1.75 million from the fourth quarter, for a total of 232.5 million to start the year.
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