Netflix keeps adding tons of subscribers from its password-sharing crackdown — and it's good news for Disney

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Netflix just blew past Wall Street's expectations for subscriber growth. A big contributor to that was its limit on password sharing and its cheaper, ad-supported tier. That bodes well for Disney and Warner Bros. Discovery, which plan to follow suit this year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement Netflix said it grew subscribers by 9.33 million worldwide in Q1 — double what Wall Street had expected. Boosting its performance was the company's crackdown on password sharing, which has led to new signups, as well as its cheaper, ad-supported option. The ads tier costs less ($6.99 per month) than adding a member outside your household ($7.99 per month). This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .