Home / Lifestyle / Food / Article / Netflix adds 10 million new paid subscribers as people stay home

Netflix adds 10 million new paid subscribers as people stay home

The company also promoted Ted Sarandos from chief content officer as co-CEO who will share the top spot with co-founder Reed Hastings

Listen to this article :
Netflix logo. Pic: AFP

Netflix logo. Pic: AFP

San Francisco: Leading content streaming service Netflix has added 10.1 million new paid subscribers as people stayed home, as the company reported net earnings of $720 million over $6.15 billion in revenue for its second quarter (April-June period).

However, the shares declined nearly 9 per cent in after-hours trading on fears of slow growth in the rest of the year, reports MarketWatch.

Read Next Story

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement