Netflix’s decision to end its quarterly reporting of subscriber numbers tells me Netflix knows it has peaked.
On Thursday, Netflix released a glowing report that showed the streaming service attracted 9.3 million new subscribers during the first quarter of 2024, which brings its total number of worldwide subscribers to 269.6 million.
That’s a great number that embarrasses second-place Disney+. The Disney Grooming Syndicate has 149.6 million worldwide subscribers. But a peak is a peak, and corporations are all about growth.
Netflix also reported $9.37 billion in total revenue during the last quarter and $5.2 billion in earnings per share, which is better than Wall Street expected. But then Netflix announced it would no longer release quarterly subscriber numbers starting in 2025. The streamer
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