Netflix Chief Executive Reed Hastings told CNBC that the fourth season of "Arrested Development" has "been huge, just as we had hoped," but declined to release any viewing numbers, reports The Wall Street Journal.

"The reason we’re not doing ratings is because we really want to focus over the first year,” Hastings said. “Netflix is about being able to watch when you want, not having to watch at a certain time like linear TV is. So we’re really not focused on the Day One ratings, it’s really over the first year.”

His comments come after investors sent his stock down by more than 6% Tuesday, after mixed reviews for the new season, as previously reported.

Hastings added that Netflix would be interested in a fifth season of the show.

“‘Arrested’ is unique, because that’s really up to the talent. If the talent were willing to do more, and interested in that, I’m sure we would be willing," he said.