(NASDAQ: NFLX) is undoubtedly one of the best-performing stocks in the past couple of decades. It has skyrocketed 13,130% since July 2004, on the backs of a successful run at disrupting the media and entertainment landscape.

This top streaming enterprise continues to post stellar financial results, leading to its shares approaching their record high. However, investors looking to scoop up the stock should press pause for a second: Does this one key reporting change mean trouble for investors?

After a brief post-pandemic lull, Netflix is firing on all cylinders, thanks to the company's progress at cracking down on password sharing and the successful launch of an ad-supported tier. The membership base was up 16% in Q1 (ended March 31) year over year to nearly 270 million, with revenue rising 14.8% to $9.4 billion.

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Source Fool.com