Netflix Won't Reveal Quarterly Subscriber Numbers Anymore: Co-CEO Greg Peters Says This Is What Motivated The Change
Portfolio Pulse from Benzinga Neuro
Netflix Inc. (NASDAQ:NFLX) announced it will stop disclosing quarterly subscriber counts starting Q1 2025, aiming to focus on key business metrics. This decision comes after Netflix reported a significant subscriber growth of 9.3 million in Q1, surpassing expectations with a total of 269.6 million subscribers worldwide. The move has led to a decrease in Netflix's stock price, as analysts express concerns over the potential impact on investor confidence and the ability to model the company's future performance.
April 19, 2024 | 6:47 am
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Netflix's decision to cease quarterly subscriber reports may lead to short-term stock volatility as investors adjust to the new reporting format. Despite strong Q1 growth, this move could impact investor sentiment.
Netflix's announcement to stop quarterly subscriber disclosures could lead to uncertainty among investors, potentially affecting the stock's short-term performance. The company's strong subscriber growth in Q1 highlights its current success, but the change in reporting may obscure future performance visibility, leading to cautious or negative investor sentiment in the short term.
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