NFLX - Can Netflix Hold Onto The Streaming Crown?

2024-01-29 06:22:39 ET

Summary

• Netflix's strong earnings and market cap indicate that its competitors are prioritizing other areas over streaming.
• The company's financial performance and viewing share remain strong.
• Justifying NFLX's valuation with shareholder returns is still a challenge.

Netflix ( NFLX ) had blockbuster earnings pushing the company back towards a quarter-trillion dollar market cap and near its 2021 highs. That strength is indicative of its competitors deciding streaming is less important, multiple people keeping it as a key account, along with an expansion of ad-based services....

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