Netflix Beats Q2 Forecast on Paid Net Adds by 54%

Netflix had 1.54 million paid net additions in Q2, beating the guidance of 1 million in its April 20 forecast, it reported Tuesday. COVID-19 “has created some lumpiness in our membership growth (higher growth in 2020, slower growth this year), which is working its way through,” said its shareholder letter. Asia Pacific generated about two-thirds of the global paid net adds growth in the quarter, it said.