Netflix doubled its profit due to quarantine

WASHINGTON, April 22 – RIA Novosti. The American company Netflix, which specializes in the distribution of films and television series based on streaming media received a record profit in the first quarter of 2020 709 million dollars, more than twice more than in the same period of the previous year, according to company documents.

Thus, the company became one of the few in the US who made a profit and not a loss for the period. Moreover, profits have increased significantly.

In the next quarter Netflix also expects net profit to more than $ 800 million.

Current data on the situation of COVID-19 in Russia and the world presented on the portal stopmanager.of the Russian Federation.