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Netflix is testing ways to make money from people sharing accounts, such as by adding a feature that lets subscribers pay slightly more to add other households. вЂњThese are over a hundred million households that already are choosing to view Netflix they love the service, weвЂ™ve just got to get paid in some degree for them.вЂќ вЂњWhen we were growing fast it wasnвЂ™t a high priority, and now weвЂ™re working super hard on it,вЂќ chief executive Reed Hastings said of account sharing during an earnings call. The streaming giant estimated that while it has nearly 222 million households paying for its service, accounts are shared with more than 100 million other households not paying subscription fees. Netflix believes that factors hampering its growth includes subscribers sharing their accounts with people not living in their homes.

Netflix shares were down more than 25 percent to $259.30 in after-market trades that followed release of the earnings figures. The Silicon Valley tech firm reported a net income of $1.6 billion in the recently ended quarter, compared to $1.7 billion in the same period a year earlier.

Netflix ended the first quarter of this year with 221.6 million subscribers, slightly less than the final quarter of last year. Click Here To Join Our Telegram Group For 'Latest Music'

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