Netflix, the world’s most popular digital publishing platform, gained a total of 16 million new users in the first three months of the year. This new acquisition helped Netflix become one of the world’s most important services during the pandemic era.
The most important solution in combating the Corona virus outbreak is undoubtedly to stay at home. However, staying at home also brings some troubles, and looking for alternatives on how to spend time is at the top of them. We can say that digital publishing platforms are significant alternatives in this context. Because the number of new users Netflix has gained globally last three months does not say otherwise.
Netflix, the world’s most popular digital publishing platform, gained a total of 16 million new users in the first three months of the year. We can say that this new acquisition helped Netflix become one of the most important services in the world during the pandemic period. Netflix made several predictions for the upcoming period in January, long before the COVID-19 outbreak began to be so effective. However, the company’s growth in the first three months is more than double these estimates. So let’s remind you that Netflix has the biggest quarterly earnings in its 13-year history.
183 million subscribers worldwide
The company closed March with approximately 183 million subscribers worldwide. This figure is 23 percent more than the same period last year. In the first quarter, it almost tripled compared to last year, earning $ 709 million. However, Netflix has warned investors that this will be a limited uptrend. The company announced that they expect subscriber growth to drop to pre-quarantine levels after losing their home restrictions.
31 percent increase in Netflix shares
The company’s shares have reached new heights recently, unlike the wider market declines. Since the beginning of the year, Netflix’s shares have increased by 31 percent. In short, Netflix has become one of the only companies that can make a profit in this period when the economy is deteriorating globally. eMarketer analyst Eric Haggstrom also said Netflix will continue to be the media company least affected by COVID-19.
In this period, the closure of movie theaters, gyms, restaurants, bars and other entertainment venues, and the money allocated for entertainment individually, Netflix, etc. helped transfer to platforms.