If I Could Buy Only 1 Stock, This Would Be it
With most entertainment venues closed or operating under restricted circumstances, the pandemic has only served to emphasize just how important home entertainment is to us.
Fortunately, streaming video services are now available to relieve us of our boredom at any time, day or night. And no company more perfectly epitomizes the streaming video trend than Netflix (NASDAQ: NFLX).
The content platform and production company just reported a blowout fourth quarter, with 8.5 million paid net additions pushing its total subscribership past the 200 million mark. For the full year, the streaming giant added 37 million paid members, resulting in a 24% year-over-year growth in revenue.
Source Fool.com