OTT

Netflix more than doubles subscriber gains

LOS GATOS, Calif. – With so much of the world still forced to remain home as much as possible (working or not), leading streamer Netflix announced Thursday it added 26 million customers in the first half of its fiscal year, ended June 30, 2020, compared to 12 million in the first six months of 2019. 10.1 million were added in the second quarter alone, compared to an addition of 2.7 million in Q2 2019. The company added 28 million subs in all of 2019. In Q2, revenue grew 25% year-over-year to US$11.9 billion, while quarterly operating income exceeded $1 billion....