Netflix's quarterly earnings report for the three-month period ending in March is in, with an unexpected surprise. No, a Netflix price hike isn't imminent, though the company said that it doesn't have a ceiling and it'll continue to ask for more money from subscribers from time to time. But Netflix did announce that it will stop reporting subscriber numbers next year.
The decision might seem like an indication of bad news to come. Why would Netflix stop reporting subscriber figures? Is the company acknowledging that subscriber growth will soon be a think of the past? Perhaps, but it's not necessarily an omen of bad things to come.
Netflix has grown into a massive company with a huge base of subscribers. It just added over 9.3 million net customers in the March quarter to reach 270 million subscribers globally. This rate of growth obviously isn't sustainable indefinitely, as the market is limited and there's plenty of competition. Netflix has reached a maturity where it doesn't need to reveal subscriber figures every single quarter.
The post Maybe Netflix should stop hiking prices since it’s generating ‘very substantial profit’ appeared first on BGR.
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