Netflix Is Killing the Competition in This One Key Category
Netflix (NASDAQ: NFLX) has been of the best growth stocks on the market over the last decade, but one question has dogged the company repeatedly in recent years: Will it succumb to the competition?
Netflix is the streaming pioneer and remains the clear leader in the industry, but the landscape has changed significantly in just the last year. Disney+ (NYSE: DIS) has grabbed more than 60 million subscribers around the world since its launch last November, and other services like Apple TV+, AT&T's HBO Max, and Comcast's Peacock are all now available as well.
Netflix's growth has accelerated during the pandemic as extra time at home and a lack of other entertainment options attracted 25.9 million net new subscribers to the platform in the first half of the year, nearly its total subscriber additions for all of 2019. The effect of the pandemic may have obscured the impact of the new wave of challengers -- but one data point should put any worries from Netflix investors to rest.
Source Fool.com
