Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025 [CNBC]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: CNBC
Netflix said Thursday it will no longer report quarterly membership numbers and average revenue per membership starting in the first quarter of 2025. This is a significant change for the company and for the so-called “streaming wars,” which have largely been defined by a race for customers. Netflix wants investors to judge the company by the same metrics executives view as “our best proxy for customer satisfaction,” the company said in its quarterly shareholder letter. Namely: revenue, operating margin, free cash flow, and the amount of time spent on Netflix. It's also a signal Netflix's second wave of subscriber growth may be ending. The company announced it added 9.3 million subscribers in its first quarter as its global password sharing crackdown and introduction of a less expensive advertising tier took hold. (The ad tier costs $6.99 per month in the U.S., as opposed to its $15.49 standard plan). The company said subscriber growth in the second quarter will be lower than
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