The confinement caused by the coronavirus reinforces streaming platforms , a boost that Disney + has not recognized but that Netflix does admit. "We are perfectly aware that we are fortunate to have a service that takes on even more meaning for people confined at home, and that we can keep it operating remotely with minimal disruption in the short and medium term," said the industry leader in his letter sent to investors on the occasion of the results of the first quarter of the year, in which he has substantially improved his forecasts.

The Californian company has practically doubled its quarterly records , to incorporate 15.77 million global subscriptions these three months, compared to the figure of 8.76 million in the previous quarter or 7.50 million estimated for the next. In fact, Netflix had estimated a rise of 7 million in this period from January to March. In total, the platform already has 1 82,856,000 subscriptions worldwide .

This progression has materialized in full awakening of one of its new rivals, Disney +, which in Europe began its activity precisely during the state of alarm.

Disney's new service has also reached unexpected heights given the health crisis: this April, it reported that it had registered 50 million of its subscriptions on the planet. Disney + launched on November 12 in North America and did not reach Europe, including Spain, until March 24. In early February, the company had said it had 26.4 million, but in just two months that promising amount had already doubled.

Netflix, which started in 2007, did not reach 50 million until 2014, after seven years. Disney +, meanwhile, has achieved similar growth in just four months. It is true that the market and consumption are quite different in 2020, especially during this extraordinary confinement.

"Our subscription growth has accelerated due to confinement," Nertflix notes in its letter. However, income does not prosper in the same way, due to an appreciation of the dollar that dilutes the turnover achieved internationally. Thus, the revenue figure has not varied excessively with respect to what was expected: it is $ 5,768,000,000 this quarter.

These figures are, of course, reflected in the stock market charts. While the benchmark S&P 500 Index has fallen by around 19% in the past 30 days, the listing of Netflix titles has improved by around 11% over the same period.

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