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Netflix blows past earnings estimates as subscribers jump 16% to 269.6 million

Netflix said its subscribers grew 16% to 269.6 million, but said it would no longer regularly report the metric starting next year.

LOS ANGELES — Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom line. Netflix said now that it is generating substantial profit and free cash flow — as well as developing new revenue streams like advertising and a password sharing crackdown — its membership numbers are not the only factor in the company's growth. "We're in the very early days of developing our live programming and I would look at this as an expansion of the types of content we offer, the way we expanded to film and unscripted and animation and most recently games," said co-CEO Ted Sarandos during Thursday's earnings call.

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