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covering the week's top textbooks like

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covering the week's top textbooks like
 

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covering the week's top textbooks like
Linux bias having released its first

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Linux bias having released its first
 

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Linux bias having released its first
quarter fiscal year results for 2020

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quarter fiscal year results for 2020
 

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quarter fiscal year results for 2020
Netflix Netflix has revealed some

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Netflix Netflix has revealed some
 

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Netflix Netflix has revealed some
unusual coronavirus impacts made most

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unusual coronavirus impacts made most
 

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unusual coronavirus impacts made most
plain in its Form 10-q Netflix said the

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plain in its Form 10-q Netflix said the
 

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plain in its Form 10-q Netflix said the
Cova 19 pandemic has also led to an

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Cova 19 pandemic has also led to an
 

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Cova 19 pandemic has also led to an
increase in our net paid membership

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increase in our net paid membership
 

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increase in our net paid membership
additions relative to our quarterly

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additions relative to our quarterly
 

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additions relative to our quarterly
forecasts and historic trends indeed the

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forecasts and historic trends indeed the
 

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forecasts and historic trends indeed the
company reported fifteen point five

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company reported fifteen point five
 

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company reported fifteen point five
million new subscribers in the quarter

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million new subscribers in the quarter
 

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million new subscribers in the quarter
for a total of a hundred and eighty-two

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for a total of a hundred and eighty-two
 

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for a total of a hundred and eighty-two
point 86 million almost double recent

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point 86 million almost double recent
 

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point 86 million almost double recent
quarters of subscription growth but the

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quarters of subscription growth but the
 

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quarters of subscription growth but the
filling mourns the surge may not be

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filling mourns the surge may not be
 

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filling mourns the surge may not be
indicative of results for future periods

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indicative of results for future periods
 

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indicative of results for future periods
CEO Reed Hastings letter to shareholders

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CEO Reed Hastings letter to shareholders
 

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CEO Reed Hastings letter to shareholders
opens with in our 20-plus year history

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opens with in our 20-plus year history
 

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opens with in our 20-plus year history
we have never seen a future more

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we have never seen a future more
 

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we have never seen a future more
uncertain or unsettling and goes on to

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uncertain or unsettling and goes on to
 

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uncertain or unsettling and goes on to
explain that onboarding a rush of new

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explain that onboarding a rush of new
 

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explain that onboarding a rush of new
users has actually damaged Netflix

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users has actually damaged Netflix
 

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users has actually damaged Netflix
average revenue per user the CEO also

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average revenue per user the CEO also
 

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average revenue per user the CEO also
explained that the pandemic will impact

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explained that the pandemic will impact
 

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explained that the pandemic will impact
the streamers pipeline of new shows

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the streamers pipeline of new shows
 

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the streamers pipeline of new shows
because most film crews worldwide have

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because most film crews worldwide have
 

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because most film crews worldwide have
had to stop working although animators

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had to stop working although animators
 

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had to stop working although animators
were quickly back at work and writers

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were quickly back at work and writers
 

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were quickly back at work and writers
mostly just kept writing revenue for the

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mostly just kept writing revenue for the
 

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mostly just kept writing revenue for the
quarter was us five point seven seven

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quarter was us five point seven seven
 

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quarter was us five point seven seven
billion dollars in operating income hit

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billion dollars in operating income hit
 

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billion dollars in operating income hit
nine hundred and fifty eight million

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nine hundred and fifty eight million
 

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nine hundred and fifty eight million
both the best results the company has

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both the best results the company has
 

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both the best results the company has
achieved in recent history and that's

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achieved in recent history and that's
 

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achieved in recent history and that's
after taken into account the strength of

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after taken into account the strength of
 

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after taken into account the strength of
the US dollar which reduces the value of

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the US dollar which reduces the value of
 

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the US dollar which reduces the value of
subscriptions in other nations Hastings

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subscriptions in other nations Hastings
 

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subscriptions in other nations Hastings
also wrote that Netflix investment in

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also wrote that Netflix investment in
 

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also wrote that Netflix investment in
cash eases systems appears to have paid

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cash eases systems appears to have paid
 

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cash eases systems appears to have paid
off both in terms of user experience and

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off both in terms of user experience and
 

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off both in terms of user experience and
letting it respond to the government

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letting it respond to the government
 

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letting it respond to the government
requests to reduce his impact on

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requests to reduce his impact on
 

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requests to reduce his impact on
networks the company has also blogged

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networks the company has also blogged
 

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networks the company has also blogged
about its introduction of support for

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about its introduction of support for
 

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about its introduction of support for
TLS 1.3 which means it can do a full

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TLS 1.3 which means it can do a full
 

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TLS 1.3 which means it can do a full
handshake with a device with one

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handshake with a device with one
 

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handshake with a device with one
round-trip or sometimes without a

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round-trip or sometimes without a
 

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round-trip or sometimes without a
roundtrip at all that translates into

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roundtrip at all that translates into
 

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roundtrip at all that translates into
faster stars for streams and less

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faster stars for streams and less
 

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faster stars for streams and less
traffic on networks subscribers ought

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traffic on networks subscribers ought
 

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traffic on networks subscribers ought
not to expect more new features at this

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not to expect more new features at this
 

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not to expect more new features at this
time Hastings letter added that while

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time Hastings letter added that while
 

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time Hastings letter added that while
Netflix Netflix devs are now working

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Netflix Netflix devs are now working
 

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Netflix Netflix devs are now working
from home and that transition is going

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from home and that transition is going
 

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from home and that transition is going
well they have temporarily reduced the

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well they have temporarily reduced the
 

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well they have temporarily reduced the
number of product

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number of product
 

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number of product
patience while continually continuing to

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patience while continually continuing to
 

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patience while continually continuing to
release features they believe will have

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release features they believe will have
 

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release features they believe will have
meaningful value for members such as

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meaningful value for members such as
 

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meaningful value for members such as
improved parental controls

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improved parental controls
 

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improved parental controls
[Music]