Netflix shares fall 7% as decision to not disclose subscriber additions sparks growth concerns

livemint.com:

Netflix Adds 9.33 Million Customers, Crushing Street Forecasts As per Blommberg report, the company approximated that over 100 million individuals were utilizing an account without payment. Despite concerns among Netflix executives regarding potential customer dissatisfaction, the company has successfully persuaded millions of freeloaders to subscribe and pay for access.

Other than Netflix, Meta's Facebook and the social platform X, among other technology companies, had previously halted the reporting of monthly active users due to slowing growth. In the initial quarter, Netflix welcomed new customers; however, its revenue projection for the second quarter fell short of market anticipations, coming in below the expected $9.54 billion, as announced late Thursday.

Additionally, the company opted not to disclose figures regarding subscriber growth and average revenue per member for the first quarter of 2025. Also read: Netflix to shift focus from viewer count to engagement metrics Netflix further reported that its ad-supported streaming options played a significant role in drawing in 9.3 million new customers, nearly twice the forecast agreed upon by analysts surveyed by LSEG.

This surge brings the global subscriber count to 269.6 million by the end of March. Netflix's stock has surged in recent months, currently trading close to the upper limit of its 52-week range.