The Future Of TV Is Streaming!

So…Netflix (NASDAQ: NFLX) reported earnings after the market close today, and blew the estimates away.

In the third quarter, Netflix added 6.96 million new subscribers. The company’s estimate was 5 million, and analysts were looking for 5.28 million.

Netflix has a total of 137 million subscribers.  There are 7 billion people on the Earth, and if only half have Internet capabilities (and that number is rapidly growing!) that leaves us with 3.5 billion+ potential subscribers, still!

I know this sounds crazy, but Netflix STILL has tremendous growth ahead.

Streaming is definitely the future.

Check out this article: https://ark-invest.com/research/netflix-largest-us-tv-network

Until next time!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

 

 

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