Netflix global streaming paid net adds came in at 15.8M, far higher than the 8.2M expected

Netflix shares popped more than 5% Tuesday after a big jump in subscriber growth in its Q1 2020 earnings report. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have given many consumers more time to explore streaming services.

Here is what Netflix reported:

• Earnings per share (EPS): $1.57
• Revenue: $5.77 billion
• Global paid net subscriber additions: 15.77 million

Wall Street is anticipating earnings per share of $1.65 on revenue of $5.76 billion, based on Refinitiv consensus estimates. Domestic (U.S. and Canada) paid subscriber additions is expected to come in at 775,000 and international paid subscriber additions is expected to be 7.2 million, according to FactSet. However, it’s difficult to compare reported earnings to analyst estimates for Netflix’s first quarter, as the impact of the coronavirus pandemic on earnings is complicated to assess.