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REDDIT

Maybe the most overlooked information from $NFLX's latest quarter: its number of paid memberships

M
Jan 28, 2026 · 09:58

Lots of investors seem to be overlooking one key information from NFLX's last report: the number of paid members:

* They've just announced 325M paid members
* \---> This means the end of the S-curve could be near: [https://app.rast.guru/?company=Netflix](https://app.rast.guru/?company=Netflix)

Knowing that they won't be able to raise their subscriptions price forever, the end of the revenue growth is probably close (i.e. in the next 2-3 years)

Two additional things that back up this thesis:

1. They've actually stopped publishing quarterly memberships numbers (except for Q4)
2. WBD's acquisition could kick-off a new S-curve, which is one reason why they're ready to pay such a premium