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5.40094478853889E-05 -0.000475319028066811 0.00366062041962659 0.00258402012955454 0.00408569810082334 -0.0037589499127863 -0.00211713447042655 -0.00323859310591822
Stock impact report

Netflix Joins Apple, Meta in Withholding the Data Investors Love [BNN Bloomberg (Canada)]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: BNN Bloomberg
This metric has long been the primary way Wall Street evaluated the company's performance, but executives at Netflix, which now has almost 270 million subscribers, have tried to shift the focus to measures like sales and profit. Other tech giants like Apple Inc. and Meta Platforms Inc. have taken similar steps in recent years. In the past, subscriber numbers have been wildly unpredictable, and the company has struggled to forecast them accurately. In 2022, Los Gatos, California-based Netflix said it would stop projecting quarterly customer data. The stock typically sees big swings the day after earnings reports. On Thursday, Netflix reported better-than-expected first-quarter results, including 9.33 million new subscribers. But the shares slumped after the company said user growth this quarter would slow and that it will stop reporting customer numbers. “Eliminating regular reporting of membership data raises questions around management's confidence to further grow the base, th Show less Read more
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