People who stay in their homes due to the COVID-19 outbreak spend most of their time on digital platforms. Nowadays, when Internet usage is increasing, the number of users of platforms like Netflix was also curious. According to the first quarter results of the year, Netflix surprised the number of subscribers. 2 times the predicted number, new subscriber joined the platform.
Reaching twice the expected number, Netflix surprised with the number of subscribers
On the popular digital content platform, faces are smiling because of the first quarter results of the year. The company, which gained 15 million subscribers in the first three months, broke the number of subscribers and reached a total of 183 million users worldwide. In the first three months of 2020, 7 million subscribers were expected for the company and then this expectation increased to 8 million. However, the resulting figure doubled expectations.
According to analysts, in the first week of March, the number of views of all content providers working with paid subscription service increased by 417 percent.
Netflix revenue revealed in Q1
Another issue that is wondered after the Netflix subscriber record is the income that the company generates in this process. Netflix revenue in the first quarter of 2020 was $ 5.77 billion. The company’s revenue in the same period of the previous year was $ 4.52 billion.
Netflix’s chief content officer stated that broadcast scheduling has a big share behind this success. He explained that the timing of the contents was very accurate, especially during the isolation period. On the other hand, the company announced that it will come up with many new content as expected in the coming days.