Netflix Management Talks Competition, Advertising, and Free Cash Flow
By the looks of Netflix stock's (NASDAQ: NFLX) paltry 1% gain over the past 12 months, some investors might mistakenly conclude that intensifying competition has stunted the underlying company's growth. But this is far from reality.
2019 was a record year for Netflix, featuring a 20% year-over-year increase in subscribers. This subscriber growth, combined with price increases, helped total revenue rise 28% year over year. Operating income for the year jumped even faster, climbing 62% year over year to $2.6 billion.
To get a better look at the company's momentum and what management is saying about Netflix's prospects, check out the following three quotes from the company's fourth-quarter earnings call.
Source Fool.com
