Army subscribers flock to Netflix: video streaming giant hopes to get 23 million new subscribers in first half
Netflix predicts that it will gain more than 23 million subscribers in the first half of this year due to the blocking of the virus.
With millions of people staying indoors, families have turned to the video streaming giant for home entertainment.
Netflix added 15.8 million paying subscribers in the three months to March 31, the first quarter results show, bringing the total to 182.9 million.
With millions of people staying indoors, families have turned to Netflix for home entertainment. the video streaming giant will add a new series of drama The Last Kingdom (photo)
And it could add another 7.5 million in the current quarter, but admits this is a gamble.
Netflix said the audience was binge-watching hit shows, such as documentary Tiger King and crime drama Ozark, with Jason Bateman as Marty Byrde.
In the second quarter, Netflix will also add new series of drama The Last Kingdom (photo) and new comedy Space Force, starring Steve Carell and John Malkovich.
First quarter revenues increased from £ 3.7 billion to £ 4.7 billion, while profits increased from £ 278 million to £ 573 million.
Shares have soared 31.5 percent so far this year, raising founder Reed Hastings’ estimated fortune from £ 3.4 billion to £ 4.3 billion.