UPDATE 3-Netflix adds 15.8 mln customers during quarantine, warns boost is temporary [Reuters]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Reuters
Netflix adds 15.8 million customers during quarantine, warns boost is temporary (Reuters) - Netflix Inc ( NFLX.O ) on Tuesday reported a surge in new sign-ups as audiences stayed in their homes to help fight the novel coronavirus and binged on series such as “Tiger King,” but the company predicted a weaker second half of the year if quarantine orders are lifted. The world’s largest streaming service gained 15.8 million paying customers in the first three months of the year, bringing its global total to 182.9 million at the end of March. That nearly doubled the average Wall Street expectation of nearly 8 million, according to FactSet. The company warned, however, that it expected fewer new customers from July to December compared with a year earlier. Many people who would have joined then are likely to have already signed up, executives said. “We expect viewing to decline and membership growth to decelerate as home confinement ends,” Netflix said in a letter to shareholders. Shares o
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- Cinemas and unions sound alarms over Netflix-Warner Bros. deal [Los Angeles Times (CA)]Los Angeles Times
- I Can't Believe This Addictive Netflix Thriller Is Still Living Rent-Free Inside My Head [CNET News]CNET News
- Netflix–Warner Bros. deal sets pp $72 billion antitrust test [Fortune]Fortune
- How Netflix acquiring Warner Bros. could reshape Hollywood [USA TODAY]USA TODAY
- Reviews are in, and Hollywood insiders aren't pleased with the Netflix-Warner Bros. deal [Business Insider]Business Insider
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