Quarantine Period Has Helped to Netflix!

Quarantine Period Has Helped to Netflix!

The quarantine period entered during the coronavirus outbreak process benefited Netflix. People who closed their homes to protect themselves from the epidemic got Netflix membership to watch TV series, movies and documentaries in their spare time. Accordingly, the company reached a total of 10.1 million new subscribers in the second quarter of this year, while revenues were $ 6.1 billion, with 24.9 gains. Netflix shared its second quarter report this year. According to the report, the number of subscribers increased by 27.3 percent compared to the same period of 2019, reaching 192.9 million. In the news compiled by Foreks, the number of new subscribers in the second quarter was 10.1 million. The closure of people who want to be protected from the coronavirus epidemic has helped Netflix. Accordingly, revenues of the company in the second quarter of this year increased by 24.9 percent and amounted to $ 6.1 billion. Despite the increase in shared data, the company's shares fell by 9 percent. The reason for this is shown as the second quarter performance of Netflix being below expectations. Ted Sarandos Became Co-Ceo However, by making a statement by Netflix, it was reported that Ted Sarandos, the content officer, was appointed as the 'co-CEO'. Sarandos will be the biggest supporter of CEO Reed Hastings, who is also among the founders of the company.