Netflix forces Wall Street to focus on profit and revenue with decision to stop reporting subscriber numbers in 2025
Publishing timestamp: 2024-04-18 18:29:05
Summary
Netflix will stop reporting quarterly subscriber gains, focusing instead on metrics like revenue, earnings, and free cash flow. This move suggests that the second wave of subscriber growth may slow down next year. The company added 9.3 million subscribers in the first quarter, but growth is expected to slow in the second quarter due to seasonality. Netflix's decision to focus on profitability rather than user growth reflects the company's maturity in the streaming industry. Other media companies may follow suit in the future.
Sentiment: NEUTRAL
Tickers: CMCSA, PARA, DIS, NFLX, WBD,
Keywords: breaking news: business, netflix inc, warner bros discovery inc, walt disney co, comcast corp, technology, paramount global, business news, media,
Source: https://www.cnbc.com/2024/04/18/netflix-earnings-what-subscriber-reporting-change-means.html