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Stockreport

Netflix shocks market with plan to stop reporting subscribers once growth wave from password-sharing crackdown is over [Fortune]

Netflix, Inc. (NFLX)  More Company Research Source: Fortune
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
But the stock is slated to sell off on Friday after the world's most valuable entertainment company shocked the market with news it would soon cease updating investors every quarter on how many customers subscribe to the streaming giant. “Ultimately we think this is a better approach that reflects the evolution of the business,” co-CEO Greg Peters said on Thursday , adding the decision was “consistent with how we manage internally to engagement, revenue and profit.” Investors fear it may be linked to last year's password-sharing crackdown , which—together with its push into a new advertising-supported subscriber tier—has driven its remarkable growth of late. Since the initiative began to affect results in the latter half of 2023, that means year-on-year comparisons will soon switch from tailwinds to headwinds. The bulk of the low-hanging fruit has already been harvested, leaving only a few quarters of increasingly diminishing returns. It is possible Netflix expects U.S. subs [Read more]

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Stockreport

Netflix shocks market with plan to stop reporting subscribers once growth wave from password-sharing crackdown is over [Fortune]

Netflix, Inc.  (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
But the stock is slated to sell off on Friday after the world's most valuable entertainment company shocked the market with news it would soon cease updating investors every quarter on how many customers subscribe to the streaming giant. “Ultimately we think this is a better approach that reflects the evolution of the business,” co-CEO Greg Peters said on Thursday , adding the decision was “consistent with how we manage internally to engagement, revenue and profit.” Investors fear it may be linked to last year's password-sharing crackdown , which—together with its push into a new advertising-supported subscriber tier—has driven its remarkable growth of late. Since the initiative began to affect results in the latter half of 2023, that means year-on-year comparisons will soon switch from tailwinds to headwinds. The bulk of the low-hanging fruit has already been harvested, leaving only a few quarters of increasingly diminishing returns. It is possible Netflix expects U.S. subs [Read more]

IMPACT SNAPSHOT
EVENT TIME:
NFLX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
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MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS