Netflix added a stunning 16 million subscribers last month as the coronavirus pandemic led people to stay at home and binge hit docuseries, such as 'Tiger King,' and reality shows like 'Love is Blind'
New York Netflix added a stunning 16 million subscribers last month as the coronavirus pandemic led people to stay at home and binge hit docuseries, such as"Tiger King," and reality shows like"Love is Blind."
The company blew by its own subscriber growth expectations on Tuesday when it reported its first-quarter earnings. Netflix now has 183 million subscribers globally. The service said it expects to add another 7.5 million subscribers in the next quarter.Netflix's first quarter profit in 2020 more than doubled, to $709 million from $344 million in the year-earlier quarter. Its revenue jumped 28%, to $5.7 billion. Netflix's share price was mostly unchanged in after hours trading.
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