NFLX - Netflix Will Stop Reporting Quarterly Subscriber Numbers. It Could Be a Big Win for the Streaming Sector.
2024-04-20 11:20:00 ET
Netflix (NASDAQ: NFLX) just turned in a stellar first-quarter report, but the most surprising part of the earnings wasn't in the headline numbers.
Instead, it was management's decision to stop reporting quarterly subscriber numbers, which marks a fundamental shift in how investors may view the business.
For years, subscriber growth was the benchmark Netflix was judged by. The stock has a history of swinging wildly based on its quarterly subscriber growth and how it compares with management's own guidance and investor expectations.
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Netflix Will Stop Reporting Quarterly Subscriber Numbers. It Could Be a Big Win for the Streaming Sector.