The digital shift has been swift and powerful for Netflix, as the company added a stunning number of subscribers in the second quarter. And although the U.S. retail and economic recovery still faces serious headwinds, there have been some positive performance indicators. Retail sales, for instance, came out ahead of forecasts in June. All this, Today in Data.
Data:
$600: Amount by which the CARES Act increased weekly jobless benefits.
25%: Increase in Netflix’s revenue in the second quarter over the same period in 2019.
22.1%: Netflix’s operating margin in the second quarter.
10.1M: Number of paid memberships Netflix added in the second quarter.
7.5%: Amount by which retail spending increased from May to June.
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