Known as the world’s largest digital streaming platform provider Netflix, has undergone a significant change. Accordingly, the company will no longer disclose how much money it makes 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 known Netflixpublishes 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.
Netflixannounced 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.
The series that turned Netflix upside down did not lose its leadership!
Netflix updated its list of the most watched TV series of the week. The recently released production remained at the top.
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. For Apple And Google Big technology giants such as NetflixIt has adopted a similar approach.
Netflix exceeded expectations
NetflixThe other day, it published its first financial report of the year for the first quarter of 2024. Accordingly, the company 9.33 million new subscribers We see that he won. Moreover $9.33 billion While revenue is generated, net profit is $2.33 billion It was announced as. The company exceeded analysts’ expectations.
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