“Netflix blows past earnings estimates as subscribers jump 16%”
May 1, 2024
“LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines.
Total memberships rose 16% in the first quarter, reaching 269.6 million, well above the 264.2 million Wall Street had expected. However, the quarter marks one of the last glimpses investors will get of the company’s subscriber base going forward…”
https://www.cnbc.com/2024/04/18/netflix-nflx-earnings-q1-2024.html
See the bold? I suspect Netflix knows they’re about to hit market saturation in their subscribers. Why else would they hide the numbers. If this is the case going forward the goal of the company would be to squeeze every last dime out of their current costumers. In other words get ready for more unwanted ads and price hikes.