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