Netflix Reports Blowout Q1 Results & Sub Adds, But Warns Gains Will Slow, Will End Reporting Of Quarterly Subs; Stock Slides
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Netflix adds 9.3m members in Q1, plans to stop reporting subs tally in 2025
Netflix added 9.3 million subscribers in the first quarter to reach almost 269.6 million globally, as it once again beat estimates and pulled further away from its competition. The streaming giant has
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Netflix added 9.3m subs in Q1; will end quarterly subs reporting in 2025
Advertising membership grew 65% quarter-on-quarter.
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Subs decision sees Netflix shares take tumble despite strong Q1 earnings report
Netflix shares fell 9% on Friday after the streaming giant projected slower-than-expected revenue growth in the upcoming quarter and revealed it would stop disclosing subscriber numbers on a quarterly basis next year.