The coronation pandemic in favor of the coronavirus pandemic favored Netflix, which announced that it had increased its subscribers worldwide by 15,8 million in the first quarter of the year, compared to an initial forecast (before the coronavirus) of seven million.
Thus, it has now increased the total number of its subscribers, internationally, to almost 183 million.
The number of new subscribers in the first quarter of this year is about double that of those created in the first quarter of 2019. Most of the new subscribers, about 4,4 million, came from Europe, while 2,3 million from the US and Canada.
Revenue for the first quarter of 2020 reached $ 5,76 billion (up 27% from the first quarter of last year), while Netflix's profits nearly doubled to $ 709 million, from $ 344 million in the same period in 2019 .
Netflix, on the other hand, said that due to the restrictive measures, almost all of its production around the world has stopped and the planning of some new movies and series will be delayed by about a quarter.
However, the new content that will be shown later this year, had largely already been filmed before the coronavirus crisis. Investors see positive prospects and the company's share has risen more than 30% so far this year, according to APE-MPE.
"Netflix is and will continue to be the least affected media company Covid-19. "Her product fits almost perfectly into a population that is suddenly locked inside the house," eMarketer analyst Eric Hagstrom told the BBC.
Netflix, which estimates it will add another 7,5 million subscribers in the second quarter of 2020, has hired another 2.000 people to meet growing international demand, according to Reuters.
He warned investors, however, that this growth rate could slow in the second half of the year, as governments loosen restrictive measures and get people out more often.
The big question, analysts say, is how many of Netflix's new subscribers will be able to keep Netflix on a more permanent basis, as competition from other streaming platforms such as Disney Plus and Amazon Prime will gradually increase. recession. Netflix has made it clear that it is not considering any increase in its subscription prices.