Netflix handily beats subscriber targets but misses on revenue forecast
LOS ANGELES (Reuters) -Netflix on Thursday unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end. Netflix said its ad-supported streaming plans helped attract 9.3 million new customers, nearly double the consensus forecast of analysts polled by LSEG. Netflix executives have urged investors to focus on revenue and operating margins when assessing the company's progress, rather than customer additions.
Source: yahoo.com
