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Netflixer is enjoying wide popularity in the crown pandemic thanks to series hits like “Tiger King”: The streaming market leader gained new customers in a big way last quarter. The number of paid subscriptions shot up worldwide by 15.8 million in the three months to the end of March, as the online video service announced on Tuesday after the US exchange closed. USA
So far, Netflix has exceeded its own forecast and analyst expectations, initially driving engagement to increase after the trade. At the end of the quarter, Netflix had nearly 183 million paid memberships. Revenue increased approximately 28 percent year-over-year to $ 5.8 billion, while earnings doubled to $ 709 million.
While many companies are suffering severely from the crown crisis, Netflix benefits from the fact that many people barely leave their homes due to the virus. Despite the turmoil in the financial markets in recent months, the company is still very popular with investors, and the share has recently reached record levels. In terms of market value, Netflix even managed to outperform its great rival Disney.
After investors initially reacted enthusiastically after the trade and pushed stocks significantly, earnings fell noticeably, an increase of 0.96 percent to $ 437.99 remains.
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