TECH - Netflix Is Dumping Quarterly Subscriber Reports: Co-CEO Greg Peters Says This Is What Motivated The Change | Benzinga
Netflix Inc. (NASDAQ:NFLX) has declared that it will no longer disclose its subscriber count every quarter, hinting at a potential deceleration in user growth.
What Happened: Netflix’s unexpected decision led to a dip in the company’s stock, Reuters last Friday. The streaming giant added 9.3 million new subscribers in Q1, nearly twice the predicted number.
By the end of March, Netflix had a worldwide subscriber base of 269.6 million, marking a year-over-year growth of 16.0%. However, the company will stop revealing subscriber additions each quarter from Q1 2025, choosing to announce them only when significant milestones are achieved.
Co-CEO Greg Peters stated, “This change is really motivated by wanting to focus on what we see are the key metrics that we think matter most to business.”
Analysts fear that this move could unsettle investors and make it difficult for Wall Street to ...