Netflix announces its second quarter report for 2020. The stream giant reached 10.1 million new subscribers during the worldwide epidemic second quarter of 2020, breaking a second-quarter record in that sense.
Covid-19 reached 15.8 million new subscribers in the first quarter of 2020, when the outbreak was well underway, and Netflix released its 2020 second quarter report, which gave a positive result to its share of the tough conditions in the world. In the second quarter of the year, Netflix broke its second-quarter record by reaching 10.1 million new subscribers during the second quarter, even though it fell short of experts ‘ estimate of 12.5 million new subscribers. Netflix’s total number of subscribers worldwide reached 193 million by the end of the second quarter.
Netflix, whose second-quarter results came in below expectations, suffered a slight setback in its shares, and over the past two months, it has renewed its own record in stock prices many times. Netflix spent $3.3 billion on content in the second quarter of last year, while in the same period of 2020 that sum declined to $2.6 billion due to epidemic causes. By the end of the year, Netflix is expected to spend a total of $1 billion less on content than in 2019. Although Wall Street has forecast that the stream giant will reach 5 million new subscribers in the third quarter, Netflix’s own estimates suggest that number will be around 2.5 million.