Despite the ongoing Covid-19 crisis and the resulting market crash, Netflix released its first-quarter earnings on Tuesday with results that exceeded Wall Street expectations.

During Q1, the video streaming service also saw significant subscriber growth, adding 15.8 million net global subscribers.

A $1,000 investment in the company 10 years ago would be worth nearly $30,000 as of April 22, 2020, for a total return of nearly 3,000%, according to CNBC calculations. By comparison, in the same time frame, the S&P 500 had a total return of almost 180%. Netflix's current share price is hovering around $422.

CNBC: Netflix's stock as of April 2020.

While Netflix's stock has done well over the years, any individual stock can over- or underperform and past returns do not predict future results.

Netflix says that its first-quarter subscriber spike was likely helped by the pandemic, as people stay inside and have more time to watch TV and movies. The company warns that this pace, at least when it comes to subscriber additions, probably won't last.

"With lockdown orders in many countries starting in March, many more households joined Netflix to enjoy entertainment," Netflix said in its letter to shareholders. Next quarter, Netflix expects just 7.5 million new global paid subscribers, although the company says that this prediction is "mostly guesswork."

"The actual Q2 numbers could end up well below or well above that, depending on many factors, including when people can go back to their social lives in various countries and how much people take a break from television after the lockdown," Netflix added.