Daniel Morgan of Synovus Trust was very pleased with Netflix's first quarter results, with subscriptions up 9.33 million, beating estimates of 4.84 million. 


Morgan also questioned the impact of higher prices on growth. He compared Netflix's prices with those of other streaming platforms, noting that, despite lower prices from some competitors, Netflix remains competitive and offers better quality content.

He attributes the recent fall in Netflix's share price to the company's decision to stop disclosing data on its new subscribers. He stresses the importance of this data in assessing the company's performance.

He compares this situation to that of Apple, which stopped disclosing iPhone sales volumes, forcing analysts to estimate figures based on total revenue. Morgan predicts that analysts will now be forced to estimate Netflix's subscriber numbers in the same way.

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