Netflix Delivers Stellar Subscriber Growth

To help viewers select the content they want to watch, it released its Top 10 lists across the world. It also introduced the New and Popular tab on the television interface and added a Worth to Wait section that emphasizes titles that are yet to be released as far as a year away. It plans to roll out a feature later this year that will allow members to instantly get connected to something to watch, instead of scrolling through all of its options.

It also continues to add to its content library, especially with original content. During the quarter, it released season four of the critically acclaimed The Crown which was the biggest season so far. More than 100 million viewers have watched this series since its initial launch. Late last year, it also released its first original series from Shonda Rhimes, Bridgerton, which has also earned positive reviews. Within films, it released its largest film of the quarter, The Midnight Sky, starring and directed by George Clooney. 43 million households watched the movie within the first 4 weeks of its release.

Besides English language content, it continued to add local language hits. It released Barbarians, a historical action series from Germany; Sweet Home, a Korean language horror show, Selena: The Series for Mexico, and Alice in Borderland, a sci-fi thriller from Japan.

Netflix recognizes that competition from other streaming services is growing. Disney, WarnerMedia, Amazon, and Apple have all been adding significant content. Disney recorded more than 87 million paid subscribers in its first year itself. But Netflix believes that by offering impressive content, it can continue to remain the preferred streaming service for the masses.

Its stock is trading at $497.98 with a market capitalization of $221.7 billion. It hit a 52-week high of $575.37 in July. The stock had fallen to a 52-week low of $290.25 in March last year.

1 2
View single page >> |

Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.