搜索

Netflix now worth more than Disney with influx of new subscribers

发表于 2024-09-23 07:33:17 来源:影视网站模板

If it wasn’t already obvious what people have been doing while staying home during this pandemic, it certainly is now.

Netflix just announcedits biggest quarter ever on Tuesday.

The most shocking number from Netflix’s Q1 2020 results: The video streaming service brought in 15.77 million new global paid subscribers.

This huge number blew all prior expectations out of the water. Netflix had previously projected7 million new subscribers before the coronavirus pandemic. Analysts had estimated 8.22 million new subscribers on average.

Netflix’s prior quarterly record for new subscribers was 9.6 million additional global subscriptions in Q1 2019. The company’s previous quarter, Q4 2019, brought in 8.76 million new subscribers.

Mashable Light SpeedWant more out-of-this world tech, space and science stories?Sign up for Mashable's weekly Light Speed newsletter.By signing up you agree to our Terms of Use and Privacy Policy.Thanks for signing up!

The company also reported $709 million for its first quarter 2020 earnings. The streaming giant had shared earnings of $344 million for the first quarter last year.

Netflix’s stock has been risingin recent days. Its market capitalization at the end of Tuesday was more than $190 billion, making the streaming company worth more than Disney.

“There are two main reasons why Disney has struggled while Netflix has prospered,” explains Danyaal Rashid, thematic analyst at the data firm GlobalData, in a statement shared with Mashable. “Firstly, unlike Netflix, Disney is reliant on ad revenues due to its broadcast offerings, and this revenue stream is drying up rapidly. Secondly, COVID-19 has forced Disney to close its theme parks, which generate more than a third of its revenues, delivering a huge hit to the company’s top line.”

Netflix’s letter to shareholders also shared just how big of a success Tiger Kingis. The popular docuseries was watched by 64 million households in its first 4 weeks. That ties it with Stranger Things’ latest and most popular season. However, it falls shortof Netflix’s most popular first season of TV, The Witcher.

As quarantine and stay-at-home orders now hit the one-month mark for many in the U.S., people have turned to various forms of entertainment to keep them busy during the coronavirus pandemic. And it looks like the biggest beneficiary of nearly everyone being stuck at home is Netflix.

随机为您推荐
友情链接
版权声明:本站资源均来自互联网,如果侵犯了您的权益请与我们联系,我们将在24小时内删除。

Copyright © 2016 Powered by Netflix now worth more than Disney with influx of new subscribers,影视网站模板   sitemap

回顶部