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Netflix Loses Over 1 Million Subscribers in Spain Due to Crackdown on Password Sharing

Netflix lost over one million users in Spain in Q1 2023.
The loss is attributed to the company's crackdown on password-sharing.
Subscription cancellations in Q1 tripled compared to the previous period.
One-tenth of remaining subscribers in Spain plan to unsubscribe in Q2.
Netflix's investment in Spanish language content seems to be paying off.

Business Insider