Better Buy: Netflix vs. Google
Netflix (NASDAQ: NFLX) and Google's parent company Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) are two high-quality companies that should continue to grow for a very long time. Netflix is the global leader in subscription video-on-demand (SVOD), while Alphabet is the global leader in internet search, online advertising, and a variety of other technology initiatives. But which one is the better buy?
Netflix had 183 million global subscribers at the end of March, including 70 million in the U.S. and Canada (UCAN) region, 59 million in the Europe, Middle East, and Africa (EMEA) region, 34 million in Latin America (LATAM), and 20 million in Asia-Pacific (APAC). The overall subscriber count grew by almost 16 million just in 2020.
The recent growth acceleration is due, in part, to the global COVID-19 pandemic, which has caused more people to stay home where they tend to watch more Netflix. That 16 million paid net subscriber additions blew away management's prior guidance for 7 million paid net adds.
Source Fool.com
