Get the latest gossip
Netflix Stock Ticks Up On Earnings Beat: Streamer Stresses Engagement As It Plans To Stop Reporting Quarterly Subscriber Numbers Next Year
Netflix shares are up about 4% in after-market trade as quarterly numbers beat on the bottom line and subscriber numbers.
Getty Images The letter to shareholders that accompanies Netflix earnings did talk about engagement, an indication of what it might focus more on when that happens. “Engagement on Netflix is healthy: around two hours a day per paid membership on average, despite the impact of paid sharing,” said the letter, which co-CEO Ted Sarandos also noted at the kickoff of the quarterly earnings call. In a letter to shareholders along with first-quarter earnings, the company said it’s now focused on other metrics and that memberships “are just one component of our growth.”
Or read this on Deadline