Netflix is all about the money, not the members

The Netflix logo Illustration by Nick Barclay / The Verge

Netflix is moving beyond subscriber numbers. In its first quarter earnings results released on Thursday, Netflix announced that it will stop reporting quarterly membership numbers in 2025 because subscribers are “just one component” of its growth. The change comes after a quarter where it added 9.3 million subscribers, growing to more than 270 million members globally.

Subscriber count meant everything in the early days of streaming. It allows investors, studios, and ...

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