Netflix gets twice as many subscribers in Q1 than expected, but a decline may be looming ahead

As the COVID-19 pandemic takes its toll on many businesses, there are those few, such as online streaming services, who are actually enjoying a boost in revenue.

Due to most people staying at home and turning to online entertainment, Netflix has gained 15.8 million subscribers in the first quarter of 2020, over twice than the 7.2 million the company expected. Revenue for Q1 is also slightly higher than predicted, at $5.77 billion against $5.76. The streaming service now has 182 million subscribers around the world.

It's not all as peachy as it appears, however. A Netflix sent to ...

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