Netflix adds almost 16M new customers as COVID-19 lockdowns boost demand for streaming

Netflix Inc. on Tuesday reported more paid subscribers than expected in the first quarter, as global lockdowns to curb the spread of the coronavirus forced people to stay at home and watch shows online including the wildly popular Tiger King.

The streaming giant added 15.77 million paid subscribers globally during the quarter compared with analysts’ estimates of nearly eight million, according to research firm FactSet.

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