New York CNN —In the early stages of life, a key metric is growth.
Netflix is trying to persuade Wall Street that it is now all grown up.
time spent) as our best proxy for customer satisfaction,” Netflix underscored in its letter to shareholders.
Netflix forecasted its subscriber growth to be lower in quarter two, chalking it up to “typical seasonality.” That led the stock to slide nearly 5% in after-hours trading.
Whatever the cause, the stock sliding on the less-than-ideal outlook is a prime example of why Netflix wants Wall Street to stop focusing on its subscriber numbers.
Persons:
Wall, It’s, “ We’re, Nielsen, won’t
Organizations:
New York CNN, Netflix
Locations:
New York