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Netflix is changing how it reports one of its most-watched metrics. Wall Street analysts have mixed feelings on the move.
The streaming giant said starting in the fourth quarter of 2019 that it planned to report revenue and subscribers by geographic region.
Netflix’s US growth is stalling — but there’s another 30 million subscribers to be had, Bernstein says
"90 million subscribers strikes many investors as very hard to believe," the firm said in a note to clients Tuesday. "We believe Netflix is a superior product for entertainment programming, in almost every way, compared to conventional TV, so why not?"
Netflix is one of the top-performing US stocks this year, far outpacing the S&P 500. Shares hit a record high on Thursday morning.
The streaming giant is expected to post modest growth at home in the US, and even more from abroad.