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Netflix Tops 10M Subscribers In Latest Quarter, Besting Forecast

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hollywoodreporter.com

Netflix kept up its strong subscriber growth momentum this spring as the novel coronavirus disrupted the lives and routines of people around the world.

The streaming giant added 10.09 million subscribers during its second quarter, boosting its global base to nearly 193 million.

It follows a record-breaking first quarter for the company, when it added 15.8 million subscribers as people gobbled up more entertainment programming during the early days of the pandemic.

Netflix had cautioned that it might not be able to maintain its subscriber momentum, forecasting that it would add a more earthbound 7.5 million subscribers during the second quarter because “we expect viewing to decline and membership growth to decelerate as home confinement.

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