Netflix Adds 15.8 Million Subscribers In First Quarter
The rare company excelling during the coronavirus pandemic, Netflix reported net subscriber additions of 15.8 million between January and March. Netflix’s stock hit a record high last week. Although the subscriber adds far outpaced the company’s previous projections, they did not result in higher-than-expected revenue. Netflix pointed to appreciation of the dollar relative to foreign currencies as the cause; more than 60% of Netflix’s subscribers live outside of North America. After an initial 10% spike in Read more about Netflix Adds 15.8 Million Subscribers In First Quarter[…]