Netflix stock is getting battered again. Now it says it will share viewership metrics even less frequently

Netflix shares took another dive after the company announced it will provide viewership metrics less frequently, causing a 11% drop in premarket trading. Despite reporting a 13% year-over-year revenue increase to $12.56 billion, fueled by ad revenue and member growth, investors are concerned about Netflix's reduced transparency on viewership. This pullback could make it harder for analysts to gauge the platform's health and growth, adding to investor skepticism. The decision underscores the tension between maintaining competitive advantage and providing market insights.