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-0.00648824006488239 -0.00896638731188601 -0.0159502568261692 -0.0117824637289357 -0.0115571776155718 -0.0280706497251509 -0.0197801207533567 -0.0169865729476434
Stock impact report

UPDATE 1-Netflix adds more subscribers in first quarter, shares rise [Reuters]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: Reuters
Netflix adds more subscribers in first quarter, shares rise (Reuters) - Netflix Inc ( NFLX.O ) on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the novel coronavirus forced people to stay at home and watch shows online including its wildly popular “Tiger King.” Shares of the streaming giant, which have surged about 35% this year, were up 4% in trading after the bell. Demand for streaming services surged in recent months as the fast spreading virus, which has infected more than 2.5 million people globally, restricted movement. Some analysts, however, believed that subscriptions of streaming services would be among the first household discretionary items to be cut by people amid a wave of layoffs and fears of an economic recession because of the pandemic. But Netflix said it expects to add 7.50 million paid subscribers globally in the second quarter compared with analysts’ estimates of 3.81 million, according to re Show less Read more
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