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

• 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.

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).