Netflix adds 15.8 mn customers during quarantine, warns boost is temporary

Netflix Inc on Tuesday reported a surge in new sign-ups as audiences stayed in their homes to help fight the novel coronavirus and binged on series such as "Tiger King," but the company predicted a weaker second half of the year if quarantine orders are lifted.

The world's largest streaming service gained 15.8 million paying customers in the first three months of the year, bringing its global total to 182.9 million at the end of March. That nearly doubled the average Wall Street expectation of nearly 8 million, according to FactSet.

The company warned, however, that it expected fewer new customers from July to December compared with a year earlier. Read More