Netflix announced that it will not disclose its subscriber numbers starting next year.
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-04-22 03:25:45
(Photo = Yonhap news)
[Alpha Biz= Reporter Kim Minyoung] Netflix announced that it will not disclose the number of new subscribers starting next year.
According to BBC's report on the 18th (local time), Netflix announced plans not to disclose the number of subscribers and average sales per subscriber from the first quarter of 2025.
In the future, the company will shift its focus from attracting subscribers to expanding subscribers' usage time and developing new revenue sources, including advertisements " He added.
In response, Netflix's stock price plunged nearly 5% in after-hours trading on the 18th, even after reporting more than double its new subscribers in the first quarter of this year.
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