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Netflix Is the Leader of Streaming, and It's Not Even Close

TheMotleyFool

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Netflix Is the Leader of Streaming, and It's Not Even Close: https://g.foolcdn.com/editorial/images/722397/right-hand-remote-pointed-at-tv.jpg

After losing 1.2 million subscribers in the first six months of 2022, Netflix (NASDAQ: NFLX) was able to add 10.1 million net new members in the second half of the year. And this has helped drive the stock price higher: It's up 100% off its 52-week low (as of this writing).

However, with revenue growth of just 6.5% in 2022 compared to 2021, along with the cutthroat competition in the streaming industry today, investors are worried that Netflix's days of dominating the space are a thing of the past. I'm here to ease these concerns.

Here's why Netflix is still the clear leader in streaming.

Source Fool.com

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