Netflix adds over 15 million subscribers, warns of decline after lockdown boom

Netflix has added 15.8 million subscribers in the first quarter more than double the expected number of 7.2 million, according to its recent filings.

Netflix now has 182 million subscribers across the globe. The media giant also reported quarterly revenue of $5.77 billion up from the $5.76 billion as estimated.

However, the increase in numbers is led by global shutdowns owing to the coronavirus pandemic. The OTT giant has warned of a “tough road ahead” as its productions have been temporarily paused. Furthermore, the rise in numbers will not last once the lockdown ends, it had said.