How Netflix has joined Apple and Facebook to get out of this ‘number game’

Netflix shares took a tumble last week, despite exceeding expectations in their first-quarter financial results. This drop came after the company announced it would stop reporting subscriber data on a quarterly basis, a move that rattled investors accustomed to this key metric.

According to Bloomberg, Netflix executives are looking to shift the focus towards metrics like sales and profit, a trend seen with other tech giants like Apple and Meta.

Previously, subscriber numbers were notoriously volatile and difficult for the company to predict accurately.