Netflix says three coronavirus pandemic effects are impacting its business

Netflix released on Tuesday its Q1 2020 earnings on Tuesday, with a letter to shareholders, the company referred to three ways the coronavirus pandemic is impacting its business.

“First, our membership growth has temporarily accelerated due to home confinement,” Netflix stated.

“Second, our international revenue will be less than previously forecast due to the dollar rising sharply.”

“Third, due to the production shutdown, some cash spending on content will be delayed, improving our free cash flow, and some title releases will be delayed, typically by a quarter.”