Netflix Delivers Another Big Subscriber Beat, Will Stop Reporting Key Metric

The bar was high for Netflix headed into Q1 results this week. The stock was up ~30% in 2024. As many readers will surely recall, last quarter's results were remarkable. Specifically, the company had its best quarter for paid net adds since the surge that accompanied the onset of the pandemic. It was also the best Q4 on record for new paying subscribers. Fast forward three months and Netflix delivered again. Paid net adds were 9.33 million, almost double consensus. That's impressive. Whethe