Andrew on Nostr: "In our early days, when we had little revenue or profit, membership growth was a ...

"In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential. But now we’re generating very substantial profit and free cash flow (FCF).

We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth.

Starting next year with our Q1'25 earnings, we will stop reporting quarterly membership numbers and ARM."
#netflix

https://s22.q4cdn.com/959853165/files/doc_financials/2024/q1/FINAL-Q1-24-Shareholder-Letter.pdf