Netflix Reports Strong Subscriber Gains, Q2 Revenue Forecast Disappoints

Netflix Surpasses Subscriber Growth Expectations, Plans Shift in Reporting

In a robust start to the year, Netflix has once again outperformed expectations, adding over 9 million subscribers in the first quarter, doubling down on market forecasts of 4.8 million. This surge follows a colossal fourth quarter with 13 million net additions. In a strategic pivot, Netflix has announced a cessation in divulging quarterly membership numbers and average revenue per member from next year, pointing to the evolving landscape of its pricing and plan structures which now vary across different tiers depending on geographical regions.