Netflix Falls Most in Two Years on Ending of Subscriber Count

Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast for revenue and a warning that the streaming giant will stop reporting subscriber numbers in 2025 overshadowed an otherwise strong start to the year.

The stock dropped 9.1%, to $555.04 in New York at the close, the biggest decline since April 2022. Still, the shares have gained 14% this year.

Expectations for Netflix’s first quarter had soared in recent days, as one analyst after another published rosy forecasts. And while Netflix did indeed beat those expectations, posting its best start to the year since 2020, ...