By Shawn Lim

Netflix has announced it added more than 15.7 million subscribers in the first three months of 2020, around the time the coronavirus outbreak (Covid-19) became a pandemic and saw countries go into lockdown.

In its first quarter of 2020 earnings announcement on Tuesday, it revealed it added 2.3m subscribers in the United States and Canada in the first quarter, making a total of 69.9m. Globally, 13.5m subscribed to its platform.

Netflix also said it generated revenue of $5.77 billion for the first quarter, up from $4.52bn a year earlier, but below analyst forecasts of $5.75bn. Profits Read full story ›

Source: The Drum