Netflix makes a big announcement. In reporting its first quarter earnings for 2024, Netflix announced that they will stop reporting subscriber numbers starting in 2025. Netflix will announce "major subscriber milestones" as they happen, but won't disclose quarterly subscriber numbers. “As we’ve noted in previous letters, we’re focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction. In our early... Read this story
