It's a good time to be a company whose business booms when people stay at home. But even Netflix, which is experiencing surging subscriber growth, may face tougher times ahead.
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.London It's a good time to be a company whose business booms when people stay at home. But even Netflix , which is experiencing surging subscriber growth, may face tougher times ahead.
The latest: The company said after US markets closed on Tuesday that it had added a stunning 16 million subscribers between January and March as the coronavirus pandemic led people to hunker down and binge on hit docuseries such as"Tiger King" and reality shows like"Love is Blind," my CNN Business colleague Frank Pallotta reports.Netflix now has 183 million subscribers globally and expects to add another 7.5 million in the second quarter.
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