NEW YORK Netflix added a flood of new subscribers amid the coronavirus pandemic and also offered clues to a possible successor for founding CEO Reed Hastings, who on Thursday named the company's chief content officer, Ted Sarandos, as co-CEO.
This change makes formal what was already informal that Ted and I share the leadership of Netflix, said Hastings in a statement.
The company picked up 10.1 million worldwide subscribers during the April-June period, more than triple what it usually adds in that period.
The increase announced Thursday with Netflixs second-quarter earnings eclipsed the gain of 8.3 million subscribers projected among analysts polled by FactSet.
Netflix ended June with 193 million worldwide subscribers, including 70 million in the U.S. and Canada, its largest geographic market.