BUZZ-Netflix falls on move to stop sharing subscribers tally

Reuters04-19

** Shares of video-streaming pioneer Netflix fall 7.2% to $566.57

** Shares of its peers Roku and Walt Disney down 1.6% and 0.5% respectively

** NFLX says it will stop reporting subscriber additions and average revenue per member from 2025, sowing doubts in investor minds about growth peaking in some markets

** The decision to hold back crucial metrics that have moved the stock market comes as Wall Street analysts expect subscriber growth for NFLX in North America and Europe to saturate

** BofA Global Research says, while still early, the potential concern is subscriber growth had significantly decelerated in 2022 and this could be a harbinger of decelerating subscriber growth in the future

** If losses hold, NFLX is set to lose more than $16 bln in market capitalization

** Average rating of 45 analysts covering the stock is "buy," their median PT is $655 - LSEG data

** Up to last close, stock up ~25% YTD

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; ))

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