Netflix, known as the world’s largest digital streaming platform provider, has made a significant change. Accordingly, the company will no longer disclose its revenue and the number of subscribers each quarter. So why? Here are the details…
Why won’t Netflix announce revenue and subscriber numbers every quarter?
As it is known, Netflix publishes its financial reports quarterly. He even shared data for the first quarter of 2024 in the past hours. These reports contain important information for investors, such as the company’s revenue, net profit, and number of subscribers. At the same time, this information also reveals the performance of the company.
Netflix announced that it will not share the number of subscribers and revenue it generates as of the first quarter of 2025, that is, starting from next year. For this reason, the company stated that the number of subscribers is now as important as before in showing the future potential of the company.
Netflix will now publish its financial reports only when it reaches significant success in the number of subscribers. In fact, it is not surprising that the company made such a decision. Because big technology giants such as Apple and Google have also adopted a similar approach to Netflix.
Netflix published its first financial report of the year for the first quarter of 2024 the other day. Accordingly, we see that the company gained 9.33 million new subscribers. In addition, while it generated a revenue of 9.33 billion dollars, the net profit was announced as 2.33 billion dollars. The company exceeded analysts’ expectations.
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