Netflix posted the strongest financial results in company history Tuesday, adding a record 15.8 million paid subscribers – almost double the figure forecast by Wall Street analysts. Yet rather than gloat, the company’s executives warned investors not to get too excited.
Netflix benefited in the first quarter from an unprecedented health crisis, the
global coronavirus pandemic. With billions of people stuck at home, the world’s largest paid online TV network experienced an explosive jump in customers in March, with many binge-watching
Tiger King and
Love Is Blind to ride out the quarantine.