Netflix Announces It Will Stop Reporting Subscriber Numbers in 2025 [Yahoo! Finance]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Yahoo! Finance
The streaming giant noted that it topped expectations in terms of adding subscribers, gaining 9.33 million during that time and reaching almost 270 million subscribers around the world. However, despite surpassing Wall Street expectations, Netflix has announced that it will no longer be reporting subscriber numbers in 2025. While subscriber counts did go up, Netflix shares dropped more than 4.5% in after-hours trading. In its Q1 report to shareholders, Netflix said that engagement, which is measured in time spent on the platform, is the "best proxy for customer satisfaction." Therefore, it will no longer be reporting quarterly membership or average revenue per member. Netflix will be announcing "major subscriber milestones as we cross them." Subscriber growth continues to increase around the world for Netflix, with the U.S. and Canada netting 2.53 million customers in the first quarter of this year. Understanding that overtime, subscriber numbers will begin to plateaus, the compan
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