Ernesto S. Ruscio/Getty Images for Netflix
Netflix is one of the rare companies benefiting from the global pandemic, which has kept billions of people at home with nothing to do but stream. But the question is how long can it last?
Although much of Netflix’s recent boom didn’t start until mid-March, when more people were forced to stay home to help curb the spread of the novel coronavirus, a series of popular, original shows and movies helped Netflix boost subscribers in its first quarter. Netflix added 15.8 million subscribers, more than double its expected 7.2 million that were expected — a growth of more than 22 percent year over year. Netflix now has 182 million subscribers worldwide. The company also saw quarterly revenue of $5.77 billion versus the $5.76 billion estimated.
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Netflix adds 15 million subscribers as people stream more than ever, but warns about tough road ahead
Source: New feed
