Netflix (NASDAQ: NFLX) shareholders beat the market by a wide margin in 2017 as the streaming video giant grew from a $52 billion market capitalization to over $80 billion. A few big things went right for the business, and these developments added weight to CEO Reed Hastings' prediction that the subscription internet TV revolution is "likely to be very big and enduring."
Netflix executives believe the adoption of internet TV will be comparable to the shift from radio to broadcast television that sparked decades of phenomenal growth for content producers and distributors. 2017 gave investors a taste of what that expansion could mean for industry's leading service.
Image source: Netflix.
Source: Fool.com