- Netflix stops reporting quarterly subscriber numbers.
- Company prioritizes revenue and operating margins over customer acquisition.
- Focus shifts to content diversity and expanding advertising business.
In a significant move, Netflix announced it would stop reporting quarterly subscriber numbers, hinting at a possible slowdown in its quest for streaming supremacy. The decision comes as the streaming giant experienced a decline in shares, despite welcoming 9.3 million new customers in the first quarter.
With a renewed focus on revenue and operating margins, Netflix aims to prioritize sustainable growth over customer acquisition. Co-CEO Greg Peters stressed the importance of key metrics driving business success.
Despite concerns about future growth drivers and competition, Netflix remains a formidable player in the streaming industry. The company plans to enhance content diversity and expand its advertising business while maintaining a commitment to quality programming.
