Bright Spots In US Retail Sales And Digital Streaming 

By  |  July 20, 2020
 | 
Bright Spots In US Retail Sales, Streaming

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.


    Recommended

    BECU Acquires GenAI Capabilities and Team Members From EarnUp

    Nvidia Briefly Became Most Valuable Company Ever

    upset woman at laptop

    3 Lawmakers Ask Banks About Peer-to-Peer Payments and Social Media Scams

    AI Models and Tools: OpenAI Enables Creation of Shopify AI Assistants

    See More In: , , , , , , , ,