Netflix has unveiled a bumper set of first-quarter results.

Netflix said it had added nearly 16 million new subscribers in the first quarter, 23% more than during the same period last year.

Netflix’s net income has more than doubled to $709m over the same period.

Netflix has warned its shareholders that this is a temporary uptake in subscribers and the challenge will be to retain them.

Production of new series has, however, been suspended.


administrator