Netflix Falls on Weak Forecast, Plan to End Subscriber Count
- First-quarter results were strong after password crackdown
- Netflix will stop reporting quarterly subscribers next year
Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast for revenue and a warning that the streaming giant will stop reporting subscriber numbers in 2025 overshadowed an otherwise strong start to the year.
The stock dropped 9.1%, to $555.04 in New York at the close, the biggest decline since April 2022. Still, the shares have gained 14% this year.