The competitive threats that Netflix (NFLX) faces throws into question its growth prospects going forward, and in consequence make the idea of investing in Netflix at its current valuation seem unwise.
At first, this bearishness seems unwarranted when one looks at the consistently rising revenue and net income figures that Netflix, a media Goliath with approximately 139 million paying subscribers in 190 countries, has reported over the past five years.
Figures collated from annual reports available on Netflix's investor relations page.
That Netflix has grown more profitable, for both the firm and for