Netflix subscription

Netflix Inc. extended its lead over the streaming competition, adding 8.05 million customers in the second quarter and raising estimates for annual sales and profit margins.The subscriber results, announced in a shareholder letter Thursday, topped expectations in every region around the world and included 2.8 million new customers in the Asia-Pacific. Analysts expected a total of 4.87 million on average. The company’s crackdown on password sharing and the introduction of a lower-priced subscriber plan with advertising propelled Netflix to its second-best first half, trailing only the pandemic-fueled boom in 2020. The less-costly plan accounted for almost half of sign-ups last…