Netflix Stock Tumbles As Investors Aren't Amused It Will Stop Reporting Subscriber Numbers [Forbes]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Forbes
Netflix has just announced that it will stop reporting quarterly subscriber numbers , which will kick off in the first quarter 2025 earnings, as it doesn't view them as important as other metrics the service tracks. This comes after it had stopped providing guidance on paid membership numbers in 2023, and they say they will also now stop reporting average revenue per member. The market is…not amused, Netflix stock is down 6.1% at the time of this writing, and 9% for the week (though up 75% for the year). Netflix tried to explain the decision, which does not seem to have mitigated this decline: “As we've noted in previous letters, we're focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction. In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we're generating very substantial profit and free cash flow (FCF),
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