The first quarter of the year brought some great news to Netflix. Turns out the streaming platform got a net 15.77 million paid streaming customers so far into 2020. Of course, coronavirus is to be given the credit here since lockdowns started in January and continue through what we've got so far in April.
Netflix said it had 182.9 million paid subscribers globally as of the end of Q1. Just for some quick math here, that's up 22.8% from 2019. The service previously told investors it expected to add 7.0 million subscribers in the quarter, and obvs that was surpassed when COVID-19 kept millions of people in what I'd like to call "bougie house arrest".
That's not all the good news for Netflix, during Tuesday's after-hours trading, their shares hit a new all-time high. It was up as much as 4.8% to $454.80 per share, but fell back down, to about +1%.
Now let's talk about the content that's keeping us glued to the screen. “Tiger King” was one of the most popular shows on Netflix during the quarter and according to Nielsen, it lured 34.3 unique TV viewers in the U.S. within the first 10 days of release.
More popular shows on their list include Spenser Confidential, Love Is Blind, and Money Heist.
In the midst of what's happening in the world, this is a positive outcome.
Now, who's ready for another episode of Ozark?
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