Netflix: Why Its Content Strategy Will Work in the Long Term
Netflix (NASDAQ: NFLX) is rightly credited with pioneering online video streaming. With more than a decade's experience behind it, the company is pulling all the right levers for continued success in the long term. At the end of the day, nothing matters more to an online streaming provider than its ability to attract and retain viewers. However, with the likes of Apple (NASDAQ: AAPL) and Disney (NYSE: DIS) now set to pose a serious challenge, will Netflix's big bets on original content pay off?
Image source: Netflix.
In the last four years, Netflix's paid memberships grew at an average rate of 26%. In the first nine months of 2019, they grew 21% year over year. The company's revenues grew at an average rate of 30% in the last four years and at an average of 26% in the first three quarters of 2019. Netflix's strong and growing base of 158 million subscribers gives it an edge over other players in the market.
Source Fool.com
